A Protocol Is

question 74

Multiple Choice

A protocol is:

• A) A device that handles the switching of voice and data in a local area network.
• B) A standard set of rules and procedures for the control of communications in a network.
• C) A communications service for the connection of devices in a local area network.
• D) The main communications channel in a wide-area network.
• E) Synonymous with network interface card.

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Definitions:

Fixed Costs

Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance.

AVC

Stands for Average Variable Cost, which is the total variable costs divided by the quantity of output produced.

Total Revenue

The sum of income a company receives from its business activities, usually from the sale of goods and services to customers.

Shutdown Point

The level of production and price at which a company's revenue is just enough to cover its variable costs, making it indifferent between continuing operations and shutting down.