MANAGEMENT

BUISENESS MANAGEMENT

LEGAL ISSUES

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Copyright:
A
allows you to own a new process or invention such as a vacuum cleaner or a toy
B
needs to be registered and paid for
C
gives the ability to own intellectual property, such as books, videos and software
D
does not need to be registered and paid for
Explanation: 

Detailed explanation-1: -Ques: Is it necessary to register a work to claim copyright? Ans: No. Acquisition of copyright is automatic and it does not require any formality.

Detailed explanation-2: -While, in the case of unregistered copyright, it gets difficult to prove one’s ownership over the original work. The risk of copying, or reproducing unregistered work is higher compared to registered work. Also, protection from being copied, or reproduced becomes difficult in the case of unregistered copyright.

Detailed explanation-3: -Ideas, methods, and systems are not covered by copyright protection, this includes making, or building things; scientific or technical methods or discoveries; business operations or procedures; mathematical principles; formulas, algorithms; or any other concept, process, or method of operation.

Detailed explanation-4: -Non-registration of Copyright It is not essential to register a Work in order to acquire protection because when an original Work is completed, it is instantly protected by Copyright. There are no actual disadvantages or risks involved in non-registration of one’s Work for Copyright.

Detailed explanation-5: -A capital expenditure is a expenditure to acquire and maintain long term assets. Capital expenditure is done on more valuable assets that have long term use in the business. Long term usually means more than a year. Expenditure incurred by a publisher for acquiring copyrights is an example of Capital expenditure.

There is 1 question to complete.