Final answer:
The correct name for the covalent compound NI₃ is Nitrogen Triiodide, which follows the nomenclature rules for covalent compounds.
Step-by-step explanation:
The correct name for the covalent compound NI₃ is c. Nitrogen Triiodide. This nomenclature is based on the rules for naming covalent compounds, where the first element is named using its elemental name, and the second element is named as an anion with an 'ide' suffix. The prefixes (di-, tri-, tetra-, etc.) indicate the number of atoms of each element in the molecule. In the case of NI₃, 'nitrogen' indicates the nitrogen element, and 'triiodide' indicates the presence of three iodine atoms. Therefore, the correct answer is 'c. Nitrogen Triiodide'.