Gal Runs a Music Store

question 23

Multiple Choice

Gal runs a music store. The Web site for the store is www.GalsTunes.net. Which of the following is false?

• A)The "GalsTunes" is the name of the organization.
• B)The "net" is a top-level domain name.
• C)That is the URL for the web site for the store.
• D)This is the name of a particular server in Gal's store.

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Definitions:

Liquidated Assets

Assets that have been converted into cash or cash equivalents, often in the process of paying off debts.

Partnership

A legal arrangement in which two or more individuals share ownership of a business, including its profits, losses, and responsibilities.

Partnership Liabilities

Obligations that arise during the course of a partnership's operation that all partners are typically jointly and severally responsible for.

Liquidated Assets

are assets that have been converted into cash or cash equivalents by selling them on the open market.