In Regard to the Cultural Risks Related to Intellectual Property

question 78

Multiple Choice

In regard to the cultural risks related to intellectual property rights,which of the statements below is FALSE?

• A)Property rights,in general,refer to the right of an individual to use his or her talents and properties (assets)for company gain.
• B)Intellectual property rights refer to the product or service that is created by the talents of an individual.
• C)The exclusive use of a specific technological advantage may be lost because local governments do not respect or honor copyright or patent laws.
• D)Intellectual property rights are established through patents and copyrights in order to protect the goods and services of the original developer and the revenues pertaining to them.

---

Definitions:

Net Income

The total profit or loss of a company after all revenues, expenses, taxes, and costs have been accounted for, typically reported on the bottom line of the income statement.

Investing Activities

Financial actions related to acquiring and disposing of non-current assets and investments, a critical part of a company's capital allocation strategy.

Treasury Stock

Stock that a corporation has issued and then reacquired.

Statement of Cash Flows

A financial report that provides aggregated data regarding all cash inflows a company receives from its ongoing operations and external investment sources, as well as all cash outflows that pay for business activities and investments during a given period.