Step 1: Define Network Virtual Terminal (NVT). NVT, used in the TELNET protocol, is a standardized terminal representation. It facilitates communication between diverse computer systems by providing a common intermediate format, eliminating the need for specific hardware knowledge.
Step 2: Analyze the associations. \[\begin{array}{rl} \bullet & \text{(A) Software Version: NVT is a protocol standard, not version-specific.} \\ \bullet & \text{(B) Remote Host: NVT and TELNET's core function is remote host connection and interaction.} \\ \bullet & \text{(C) Encryption: The original TELNET protocol, utilizing NVT, lacks encryption, a significant security vulnerability.} \\ \bullet & \text{(D) Translation: NVT relies on client and server translation to and from the NVT standard. Translation is fundamental to NVT's operation.} \\ \end{array}\]
Step 3: Conclude. NVT is directly linked to Remote Host connection (B) and Translation (D). As there isn't an option for "(B) and (D) only", the question contains an error.