Identify the main provisions of the Digital Millennium Copyright Act and two arguments opponents of the Act raise
The Digital Millennium Copyright Act (DMCA) was passed to protect legitimate businesses from copyright pirates. The Act provides that: (a) it is illegal to delete copyright information, such as the name of the author or the title of the article, or to distribute false copyright information; (b) it is illegal to circumvent encryption or scrambling devices that protect copyrighted works; and (c) it is illegal to distribute tools and technologies used to circumvent encryption devices. Internet service providers (ISPs) are not liable for posting copyrighted material as long as they are unaware that the material is illegal and they remove it promptly after receiving a "takedown" notice that it violates copyright law. Opponents of the Act allege that it interferes with legal activities, such as the copying of copy-protected CDs under the fair use doctrine. Also, opponents allege that the DMCA interferes with legitimate scientific research.
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The major components of the income statement are listed below: ? A = revenues B = income from continuing operations C = earnings per share D = results from discontinued operations E = operating income In what sequence do they normally appear on the income statement?
A) B-A-E-D-C B) E-B-A-C-D C) A-E-B-D-C D) B-D-C-D-E
Accelerated depreciation has an advantage for profitable firms in that it moves some cash flows forward, thus increasing their present value. On the other hand, using accelerated depreciation generally lowers the reported current year's profits because of the higher depreciation expenses. However, the reported profits problem can be solved by using different depreciation methods for tax and stockholder reporting purposes.
Answer the following statement true (T) or false (F)
The tax treatment regarding the sale of existing assets that are sold for more than the book value but less than the original purchase price results in a(n) ________
A) ordinary tax benefit B) capital gain tax liability C) recaptured depreciation taxed as ordinary income D) capital gain tax liability and recaptured depreciation taxed as ordinary income
What kinds of information does the Federal Trade Commission (FTC) look for in an investigation of a complaint about an advertiser?
What will be an ideal response?