The AT&T Long-Distance Network Did Not Collapse Entirely on January

question 7

Multiple Choice

The AT&T long-distance network did not collapse entirely on January 15, 1990, because

• A) the U.S. Secret Service arrested the culprits before they could do any further damage.
• B) AT&T technicians rapidly fixed the software bug in the routing switches.
• C) MCI loaned some equipment to AT&T.
• D) the faulty computers shut themselves off before they could do any further damage.
• E) not all the routing switches had been converted to the latest software.

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Definitions:

Future Costs

Expected or estimated costs that a company will incur in the future, which can impact financial planning and decision-making.

Conceptual Framework

A system of ideas and objectives that guide the development, preparation, and interpretation of financial reporting and accounting standards.

AASB 15

An Australian Accounting Standards Board standard on revenue from contracts with customers, specifying how and when to recognize revenue and the related costs.