Which of the Following Statements About the Internet Is Not

question 59

Multiple Choice

Which of the following statements about the Internet is not true?

• A) One of the goals for its creation and early development was computer time-sharing.
• B) It is a hierarchical network where some have the power to kick others off the network.
• C) By 2015, about 89 percent of all U.S. adults were Internet users.
• D) The development of microprocessors and fiber-optic technology was necessary for the Internet to develop into a marketable medium.
• E) In its development stage, the Internet was primarily used by universities, government research labs, and corporations involved with high-tech products.

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Definitions:

Income Statement

A financial statement that shows a company's revenues and expenses, leading to the total profit or loss over a specific period.

Par Stock

The ideal stock level that a business aims to maintain to fulfill customer orders without overstocking.

Stock Split

A reduction in the par or stated value of a common stock and the issuance of a proportionate number of additional shares.

Appropriation of Retained Earnings

The process of allocating retained earnings to specific purposes, such as reserves or dividend distribution.