Discuss how intellectual property is different from other kinds of property
IP differs from other kinds of property (land, buildings, stocks, consumer goods) in several key ways. While often expensive and time consuming to generate, intellectual property can be quickly and easily copied. Unlike tangible items whose use has physical limitations—only one person can drive a car at a time; a pie can be divided into only so many slices—the number of persons who can use any one item of intellectual property is boundless.
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GAAP requires that a company accrue the cost of other post-retirement benefits (OPRBs) during the periods in which its employees earn the benefits
Indicate whether the statement is true or false
Which of the following is not a characteristic of a general partnership?
A) the partnership is created by a contract B) mutual agency C) partners share equally in net income or net losses unless an agreement states differently D) dissolution occurs only when all partners agree
Good strategy plus good strategy execution equals good management. True or false? Justify and explain your answer.
What will be an ideal response?
If no annual interest rate is listed on a contract, just a monthly interest rate, the consumer does not have to pay any interest on the amount owed
Indicate whether the statement is true or false