Final answer:
Network Address Translation (NAT) benefits an organization by improving network security and conserving IP addresses, but it doesn't inherently simplify network management or enhance network performance. NAT hides internal IP addresses and allows multiple devices to share a single public IP address.
Step-by-step explanation:
Benefits of Network Address Translation (NAT)
Network Address Translation (NAT) offers several benefits to an organization. NAT improves network security by hiding internal IP addresses from the external network, making it more difficult for attackers to directly target internal systems. Conservation of IP addresses is another major benefit since NAT allows multiple devices on a private network to share a single public IP address. This is especially valuable considering the scarcity of IPv4 addresses and that there are devices in some networks. Although simplified network management can be a result due to the use of private address ranges, NAT itself doesn't inherently simplify network management tasks. Lastly, NAT does not typically result in enhanced network performance; performance can sometimes even be impeded due to the processing overhead introduced by NAT operations.