Which type of shared service involves managing the timing of network events?

The correct answer is Network Time Protocol (NTP) because it is specifically designed to synchronize the clocks of computers over a network. Accurate timekeeping is essential for many network operations, including logging events in a consistent manner and coordinating actions between distributed systems. NTP manages the timing of network events by ensuring that all devices on a network have a common time reference, which helps to prevent issues that can arise from clock discrepancies, such as errors in data logging, security protocols, and scheduling tasks.

In contrast, the other services mentioned perform different functions. The Domain Name Service (DNS) translates domain names into IP addresses, allowing users to access websites using easy-to-remember names instead of numerical addresses. Simple Mail Transfer Protocol (SMTP) is used for sending emails between servers, focusing on email delivery rather than time synchronization. Finally, File Transfer Protocol (FTP) facilitates the transfer of files between computers on a network but does not handle time management in any way. These other options do not provide the timing management functionality that NTP is specifically designed for.