Company-Wide Systems That Connect One or More Local Area Networks

question 71

Multiple Choice

Company-wide systems that connect one or more local area networks (LANs) or wide area networks (WANs) are called _____.

• A) legacy systems
• B) distributed systems
• C) web-centric systems
• D) mission-critical systems

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Definitions:

Comparative Balance Sheet

Financial statements that display a company’s financial position at different points in time, side by side, to facilitate comparison.

Adjusted Trial Balance

A listing of all company accounts that remains after adjusting entries are made, serving as a foundation for the preparation of financial statements.

Comparative Balance Sheet

Financial statements that display the financial position of a company at different points in time side-by-side, to facilitate comparison.

Income Statement

An income statement is a financial document that reports a company’s financial performance over a specific accounting period, outlining revenues, expenses, and net income.