Which of the Following Statements About the Internet Is Not

question 58

Multiple Choice

Which of the following statements about the Internet is not true?

• A) One of the goals for its creation and early development was computer time-sharing.
• B) It is a hierarchical network where some have the power to kick others off the network.
• C) By 2012 about 80 percent of all U.S. adults were Internet users.
• D) The development of microprocessors and fiber-optic technology was necessary for the
• E) In its development stage, the Internet was primarily used by universities, government research labs, and corporations involved with high-tech products.

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Definitions:

Capital Lease

A lease considered a purchase of an asset for accounting purposes, where the lessee acquires all risks and rewards associated with ownership.

Operating Lease

A leasing agreement allowing the use of an asset without ownership, typically involving payments for a shorter period than the asset's useful life.

Debt Ratios

Financial metrics that measure the proportion of a company's debt to its assets or equity, indicating the financial leverage and risk.

CCA Recapture

Capital Cost Allowance Recapture, a tax mechanism in Canada that occurs when the sale price of a depreciable asset exceeds its undepreciated capital cost or book value.