Comprehensive and Detailed Step-by-Step Explanation:

Packet Filtering Firewall:

A packet filtering firewall inspects packets at the network and transport layers based on predefined rules (e.g., ACLs).

Correct Statements:

Option B: Packet filtering is performed on a per-packet basis.

Option D: ACLs define the filtering rules for traffic.

Incorrect Statements:

Option A: Packet filtering firewalls do not analyze associated packets. For this, a stateful firewall is required.

Option C: Application-layer inspection is not supported. This functionality is provided by application-layer firewalls.