What Is a Client

question 35

Multiple Choice

What is a client?

• 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

---

Definitions:

Owner's Equity

The residual interest in the assets of the entity after deducting liabilities, often referred to as shareholders' equity or net worth.

Net Income

Net income is the ultimate profit a company achieves after subtracting all taxes, expenses, and costs from its total income.

Commercial Substance

A situation where the future cash flows of a business are expected to change significantly as a result of a transaction.

Plant Assets

Long-term tangible assets used in the operation of a business that are not intended for sale.