Open Systems Are a Recent Telecommunications Trend

question 78

Multiple Choice

Open systems are a recent telecommunications trend. Open systems:

• A) Use common standards for hardware, software, applications, and networking
• B) Create a computing environment that is easily accessed by end users and their networked computer systems
• C) Provide greater connectivity, and a high degree of network interoperability
• D) All of the choices are correct.

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Definitions:

Pre-acquisition Profits

Earnings generated by a subsidiary prior to being acquired by a parent company, often considered in the determination of goodwill or investment value.

Subsidiary Asset

Assets that are owned by a subsidiary, which is a company controlled by another company (the parent).

Share Issue Costs

Expenses that a company incurs when issuing new shares, such as legal fees, accounting fees, and underwriting fees.

Fair Value

The projected proceeds from the sale of an asset or the financial burden of transferring a liability in a harmonious transaction between entities in the market at the date of measuring.