Which of the Following Statements Is Inaccurate in Reference to Domain

question 287

Multiple Choice

Which of the following statements is inaccurate in reference to domain names?

• A)Domain names are rented.
• B)Domain names are owned.
• C)Domain names are renewable.
• D)GoDaddy is a popular domain name registrar.

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Definitions:

Owner's Equity

The residual interest in the assets of an entity after deducting liabilities, representing the ownership stake of the business owners.

Income Statement

A financial statement that shows a company's revenues and expenses over a specified period, leading to its net profit or loss.

Net Income

The amount of money left after all expenses, taxes, and costs have been subtracted from total revenue.

Owner's Equity

Represents the residual value of a business's assets after deducting its liabilities, indicating the ownership interest of the business owners.