What Is a Protocol

question 133

Multiple Choice

What is a protocol?

• A)Software that prevents direct communication between a sending and receiving computer and is used to monitor packets for security reasons.
• B)A standard that specifies the format of data as well as the rules to be followed during transmission.
• C)A simple network protocol that allows the transfer of files between two computers on the Internet.
• D)A standard Internet protocol that provides the technical foundation for the public Internet as well as for large numbers of private networks.

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Definitions:

Asset Disposals

The process of getting rid of an asset through sale, trade, or removal, often because it's obsolete, no longer needed, or to gain cash.

Interest Expense

The cost incurred by an entity for borrowed funds, represented as the interest payable on any type of debt.

Casualty Losses

Financial losses resulting from sudden, unexpected, or unusual events such as accidents, natural disasters, or vandalism.

Multiple-Step Income Statement

An income statement that separates operating revenues and operating expenses from non-operating revenues, non-operating expenses, gains, and losses, providing a detailed analysis of income and expenses.