The Transport Layer of TCP/IP is responsible for which of the following?
A) placing packets on and receiving them from the network medium
B) addressing, packaging, and routing messages
C) providing communication with the application by acknowledging and sequencing the packets to and from the application
D) providing a variety of applications with the ability to access the services of the lower layers
C
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Merchandise shipped FOB shipping point on the last day of the year should ordinarily be included in
a. the buyer's inventory balance. b. the seller's inventory balance. c. neither the buyer's nor seller's inventory balance. d. both the buyer's and the seller's inventory balances.
Thirty-five percent of the fish in a tank are guppies. A random sample of 7 fish is selected. a.What is the probability that the sample contains exactly 4 guppies?b.What is the probability that the sample contains fewer than 2 guppies?c.What is the probability that the sample contains exactly 1 non-guppy?d.What is the expected number of guppies in the sample?e.What is the variance of the guppies?
What will be an ideal response?
Sales revenue for a sporting goods store amounted to $526,000 for the current period. All sales are on account and are subject to a sales tax of 10%. Which of the following would be included in the journal entry to record the sales transaction?
A) a debit to Sales Revenue for $526,000 B) a credit to Accounts Receivable for $526,000 C) a debit to Sales Tax Payable for $52,600 D) a debit to Accounts Receivable for $578,600
Far Afield Inc. announces its intent to acquire Eversmall Company. Despite this announcement, Eversmall's directors do not prepare for a buyout¾they do not determine a price or seek out other buyers, and negotiate with Far Afield for only a short time. Former Eversmall shareholders allege that the directors breached their fiduciary duties. The directors' best defense is
A. the right to indemnification B. the business judgment rule. C. the shareholders' preemptive rights. D. the limited liability of the corporation.