COGNITIVE ASSESSMENT Which of the Following Is Not True About

question 103

Multiple Choice

COGNITIVE ASSESSMENT Which of the following is not true about security when making purchases online?

• A) Verify that an address begins with https:// before transacting online.
• B) Many merchants try to offer phony, positive reviews of themselves.
• C) Do not rate merchants you deal with in order to protect your personal information.
• D) Try to use sites that contain seals from either TRUSTe and BBB.

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Definitions:

Owner's Equity

The owner's residual interest in the assets of the business after deducting liabilities, representing ownership value in a company.

Owner's Equity

The residual interest in the assets of the enterprise after deducting its liabilities, also known as shareholder's equity.

Net Income

The final amount of money a company makes after taking away all expenses, including taxes and the costs of operation, from the total income.

Owner Drawings

Amounts withdrawn by the owner of a business for personal use, reducing the owner's equity in the business.