What is wrong with the following code? body{ color: #000000; background-color:#FFFFFF; font-family: Times, Arial, Cursive; }

The code provided defines styles for the body element of a webpage using CSS, setting the text color, background color, and font family. It is important to note that specifying multiple options for the font-family property is a common practice in CSS, where different fonts can be listed as fallbacks. If the browser does not support the first font, it will try the next one on the list.

In this case, the font-family property includes three options: Times, Arial, and Cursive. This means that if Times is not available, the browser will try Arial, and if that's unavailable too, it will finally use the default Cursive font. This approach enhances the likelihood that text will display correctly across different systems and browsers.

The other options are based on misunderstandings of how CSS functions. It is entirely valid to define multiple styles within a single rule set, as seen with the declaration of color, background-color, and font-family all in one body rule. Therefore, the provided code is completely valid and adheres to CSS standards.