Final answer:
A perimeter firewall is placed at the edge of an organization's network and manages the Internet traffic that enters and exits, providing a critical security layer for controlling access and preventing threats.
Step-by-step explanation:
A perimeter firewall sits outside an organizational network and is the first device that Internet traffic encounters. This type of firewall is designed to provide a protective barrier between the external Internet and an organization's internal network, monitoring and controlling incoming and outgoing network traffic based on predetermined security rules. It is a critical component of network security, aiming to prevent unauthorized access, cyber attacks, and other security threats.