Photobucket Is an Example of the Service Provider Business Model

question 65

True/False

Photobucket is an example of the service provider business model.

Recognize the abbreviations and terminology specific to networking technology.

Understand the types and properties of network cables.

Describe the functionality and implementation of wireless network connectivity.

Explain the concept of a Virtual Private Network (VPN) and its technology.

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Definitions:

Revenue

The total amount of money received by a company for goods sold or services provided during a specific period.

Expense

An outflow of money to another person or entity to pay for an item or service or for a category of costs.

Owner's Capital Account

An equity account on a company's balance sheet representing the owner's invested funds plus the net income minus the withdrawals by the owner.

Closing Entries

A set of journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts.