Which statement is true regarding peer-to-peer networks?

In a peer-to-peer (P2P) network, each workstation acts as both a client and a server, meaning that they can both provide and consume resources. In this setup, user account information is not managed centrally, as it would be in a client-server model. Instead, each peer or workstation in a P2P network must maintain its own user information.

This means that when users need to access resources or share files across the network, they often need to have corresponding user accounts on each individual workstation, which are managed locally rather than from a central server. This decentralized approach allows for flexibility and ease of setup, but it does require each machine to independently manage user credentials and permissions, which can lead to complexities in security and access control.

The other statements do not accurately represent the characteristics of peer-to-peer networks. For instance, these networks generally do not provide the highest security level, as security measures like user authentication and access controls can be inconsistent across individual peers. Additionally, they do not involve centralized management of user account info, nor do they rely solely on server-based systems, as the architecture is fundamentally different—positions each workstation as an equal participant in the network.