What Is a Network

question 2

Multiple Choice

What is a network?

• A) Enables the transmission of data over public or private networks
• B) A communications, data exchange, and resource-sharing system created by linking two or more computers and establishing standards, or protocols, so that they can work together
• C) Any network without a central file server and in which all computers in the network have access to the public files located on all other workstations
• D) A computer that is designed to request information from a server

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Definitions:

Net Income

Refers to the total earnings or profit of a company after subtracting all expenses and costs from its total revenue.

FIFO Method

"First In, First Out," an inventory valuation method where goods first purchased or produced are the first to be sold, affecting cost of goods sold and inventory value.

Different Segments

This refers to the division of a business into multiple parts for analysis, accounting, or management purposes, based on products, services, geographic locations, or customer types.

Increasing Costs

A situation where the costs of producing goods or services rise, possibly due to factors like inflation, increased labor costs, or higher material prices.