Discuss the Fair Use Doctrine. What are the four statutory factors used to determine if a use is fair?
What will be an ideal response?
Fair use was originally a common law doctrine developed by judges who recognized that the monopoly rights protected by copyright were not absolute. When a use did not injure the market for the original work and advanced a public purpose, such as education or further artistic innovation, it could be considered fair.The four statutory factors are: (1) the purpose and character of the use, including if it is of a commercial nature or for nonprofit educational purposes; (2) the nature of the copyrighted work; (3) the amount and substantiality of the portion used in relation to the work as a whole; (4) the effect of the use upon the potential market for or value of the copyrighted work.
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A(n) ____ is a variable that can handle many rows of data but only one field.
A. assignment statement B. associative array C. collection D. table attribute
A basic assumption of short-interval scheduling is that short-range goals are more likely to be attained than are long-range goals
Indicate whether the statement is true or false.
Solution proposals are sometimes called ____ proposals.
A. complex B. conclusive C. commodity D. service
Carolina Company uses the LIFO method for valuing its ending inventory. The following financial statement information is available for its first year of operation: Carolina CompanyIncome Statement For the year ended December 31Sales$60,000Cost of goods sold23,000Gross profit$37,000Expenses13,000Income before taxes$24,000Carolina's ending inventory using the LIFO method was $8,700. Carolina's accountant determined that had the company used FIFO, the ending inventory would have been $9,100.a. Determine what the income before taxes would have been, had Carolina used the FIFO method of inventory valuation instead of LIFO.b. What would be the difference in income taxes between LIFO and FIFO, assuming a 30% tax rate?c. If Carolina wanted to lower the amount of income taxes to be paid, which
method would it choose? What will be an ideal response?