Which of the Following Statements Accurately Represents How Independent Musicians

question 52

Multiple Choice

Which of the following statements accurately represents how independent musicians use the Internet?

• A) The Internet is a big obstacle for new musicians because they lose money on illegal song downloads.
• B) The Internet doesn't really have much impact on new or independent musicians.
• C) The Internet provides an inexpensive way for new artists to create a fan base using social networking sites.
• D) No musicians have been able to use the Internet to launch a mainstream music career.
• E) The Internet is the only way for independent musicians to launch a mainstream music career.

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Definitions:

Without Recourse

A clause indicating that the holder of a negotiable instrument cannot seek payment from the sender in the event of non-payment by the intended party.

Contractual Liability

Legal obligations arising from contracts entered into by an entity or individual.

Warranty Liability

The legal obligation of a seller to ensure the goods or services sold meet certain quality and performance standards.

Dishonor

The refusal or inability to pay a bill of exchange or fulfill a financial obligation when due.