Which of the Following Is Incorrect

question 78

Multiple Choice

Which of the following is incorrect?

• A) Earth represents a vast integrated system.
• B) Earth represents an open system in terms of energy.
• C) Earth represents a closed system in terms of matter.
• D) New resources and matter are being added to Earth's systems all the time.

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Definitions:

AGI

Adjusted Gross Income (AGI) is a measure of income calculated from your gross income and used to determine how much of your income is taxable.

Depreciation

The accounting process of allocating the cost of a tangible or physical asset over its useful life, used to represent wear and tear or obsolescence.

Net Income

The amount of money remaining after all operating expenses, taxes, and deductions are taken out from total revenue.

Rental Property

Real estate property that is leased or rented to tenants, generating rental income for the owner.