What Is Local Number Portability (LNP)

question 61

Multiple Choice

What is Local Number Portability (LNP) ?

• A) The ability to move from cell tower to cell tower within a local area without losing phone connectivity
• B) Your ability to take your cell phone number with you to a new provider
• C) The ability to use your cell phone number on multiple cell phones
• D) The ability to connect cell phones via WiFi

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Definitions:

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.

Recognized Immediately

The principle of recording revenues or expenses in the accounting period when they occur, regardless of when cash is received or paid.