Outsourcing Inc

question 1

Multiple Choice

Outsourcing Inc. registers a domain name that is the same as the trademark of Resourcing LLC and then offers to sell the domain name to the mark's owner. Outsourcing's use of Resourcing's mark is

• A) cybersquatting.
• B) a meta tag.
• C) a service mark.
• D) a trade name.

---

Definitions:

Cash

The most liquid form of assets, representing currency or assets that can be immediately turned into currency.

Prepaid Expense

An expense that is paid for in advance and recorded as an asset until it is actually incurred.

Double-Entry Bookkeeping

An accounting system in which the recording of each transaction affects two or more accounts and the total of the debits is equal to the total of the credits.

Debiting

The process of recording an entry on the left side of the accounting ledger, which increases asset or expense accounts and decreases liability, equity, or revenue accounts.