What Is the Purpose of a Data and Network Communication

question 27

Essay

What is the purpose of a data and network communication standard? Give five examples of various standards and describe what that standard is
e.g., RS 232, HTTP, etc.

---

Definitions:

Marketable Securities

Financial instruments that can be easily converted into cash at market value, such as stocks, bonds, and treasury bills.

Fair Value

An estimated market value of an asset or liability based on current market conditions and mutually informed parties' transactions.

Shareholders' Equity

The residual interest in the assets of a company after deducting liabilities, represented by the capital contributed by shareholders and retained earnings.

Entity Approach

A method in merger and acquisition accounting where the acquiring and target companies are treated as combining their interests, forming a new reporting entity.