Which of the Following Statements Is NOT True About a Local

question 12

Multiple Choice

Which of the following statements is NOT true about a local firewall?

• A) It is a physical device that acts as a protective barrier.
• B) It is also called software firewall.
• C) It is often built into a company's operating system.
• D) It inspects data being transmitted to or from a network.

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Definitions:

Adjusting Entries

Entries recorded in accounting logs at the end of a fiscal period for the purpose of allocating earnings and costs to their rightful period.

Note Payable

A written promissory note in which the borrower agrees to pay back a specified sum to the lender at a future date, with interest.

Unearned Fees

Income received by a business for services that have yet to be performed or delivered, considered a liability until the service is completed.

Unearned Revenue

Money received by a company for goods or services that have yet to be provided to the customer.