A copyright gives its owner the exclusive right to publish and sell a musical or literary work during the life of the creator plus 70 years. This means that the owner has the sole right to profit from the work and can prevent others from using it without permission. After the duration of the copyright expires, the work enters the public domain and can be used by anyone without permission.

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A Copyright

Question 111

Multiple Choice

A copyright:

A) Gives its owner the exclusive right to publish and sell a musical or literary work during the life of the creator plus 70 years.
B) Gives its owner an exclusive right to manufacture and sell a patented item or to use a process for 20 years.
C) Gives its owner an exclusive right to manufacture and sell a device or to use a process for 50 years.
D) Is the amount by which the value of a company exceeds the fair market value of a company's net assets if purchased separately.
E) Gives its owner the exclusive right to publish and sell a musical or literary work during the life of the creator plus 20 years.

Correct Answer: