True or False (T/F)

1. Decoding converts data to a signal.

2. Telecommunications can reduce external transaction costs and hence reduce the size of firms.

3. The SIMO has greater transmission range than the MISO.

4. A star topology requires a central node, or the hub.

5. A circuit must be a tangible wire or cable.

6. Digital divide exists in both developed and developing economies.

7. This is a normal telecommunications model: source -> transmitter -> encoder -> channel -> decoder -> receiver -> destination.

8. The frequency modulation is inferior to amplitude modulation in quality.

9. All switching facilities are defined as telecommunication equipments.

10. Companies should only pay attention to use value but not exchange value so as to maximize the value for users.