The unauthorized use of intellectual property can severely affect the owners of that property. This practice also
A)levels the playing ground for less developing nations by eliminating years of research time.
B)accelerates innovation in that industry, as new and improved offerings enter the marketplace.
C)has a negative impact on the economy through the loss of jobs, royalties, wages, and tax revenue.
D)has a positive impact on an entire nation's cultural value system.
E)ensures that the prices to consumers are minimized as a result of increased competition.

Question

Quizplus · Accepted Answer

The unauthorized use of intellectual property leads to the loss of revenue for the owners, which can lead to job cuts, decreased royalties, wages, and tax revenue. This has a negative impact on the economy, as it affects industries and businesses as a whole. While it may seem like it levels the playing ground for less developed nations, it does so at the cost of the original creators. It does not accelerate innovation, nor does it have a positive impact on cultural value systems. The prices to the consumers may be minimized, but at the cost of the original creators' livelihoods.

The Unauthorized Use of Intellectual Property Can Severely Affect the Owners