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:

Income Tax Expense

The amount of income taxes a company expects to pay for the current tax year, accounting for deferred taxes.

Book Income Before Income Tax

The income that a company reports on its financial statements before the deduction of income tax expenses.

Tax Depreciation

The depreciation expense allowed by tax authorities to account for the reduction in value of a tangible asset over its useful life, intended to provide a tax shield for businesses.

Book Depreciation

The portion of an asset's initial cost that is allocated as an expense over its useful life on the financial statements, according to accounting standards.