The Fact That the Same Operation May Apply to Two

question 45

Multiple Choice

The fact that the same operation may apply to two or more classes in different ways is known as ________.

• A)Aggregation
• B)Abstract operation
• C)Polymorphism
• D)Composition

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Definitions:

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenue.

Manufacturing Margin

The difference between the sales revenue generated by manufactured goods and the cost of producing those goods, indicating profitability.

Variable Costing

A pricing technique that incorporates solely the variable costs of production—such as raw materials, direct labor, and variable overhead expenses—into the per-unit cost of products.

Variable Overhead

Costs that change with the level of production or service activities.