Utilitarian argument for intellectual property rights

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Reference no: EM132152367

1. Which of the following is not a utilitarian argument for intellectual property rights?

a. It is simply wrong to violate intellectual property rights.

b. Protection of intellectual property rights is critical for encouraging the discovery and development of new ideas.

c. Patent protection allows companies to profit from their ideas and thus fund more research.

d. Companies will not go into third world countries without patents because of reverse engineering.

2. While Tier 2 suppliers are not always vendors that a manufacturer would order directly from, it's important that they perform audits on these vendors.

T or F

3. Decision-making in supply chain is very important because tactical and strategic decisions can have big impacts on your profit margins.

T or F

4. Any over-supply of goods usually occurs when production does not meet overall custom demand

T or F

Reference no: EM132152367

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