Which of the Following Are More Widely Used

question 46

Multiple Choice

Which of the following are more widely used?

• A)T1 lines
• B)SONET lines
• C)Both are used about equally.

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Definitions:

Accounting Equation

The fundamental equation of double-entry bookkeeping: Assets = Liabilities + Owners' Equity, depicting a company's financial position at a specific point in time.

Bank

A financial institution licensed to receive deposits, offer loans, and provide various financial services to individuals and businesses.

Limited Liability Company

A business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.

Partnership

An authorized business structure where two or more partners manage and share in the profits.