Example Code Ch 09-6

question 28

Multiple Choice

Example Code Ch 09-6
Assume that Student, Employee and Retired are all extended classes of Person, and all four classes have different implementations of the method getMoney. Consider the following code where ... indicates the required parameters for the constructors:
Person p = new Person(...) ;
int m1 = p.getMoney() ; // assignment 1
p = new Student(...) ;
int m2 = p.getMoney() ; // assignment 2
if (m2 < 100000)
p = new Employee(...) ;
else if (m1 > 50000)
p = new Retired(...) ;
int m3 = p.getMoney() ; // assignment 3
-Refer to Example Code Ch 09-6: The reference to getMoney() in assignment 2 is to the class

• A) Person
• B) Student
• C) Employee
• D) Retired
• E) This cannot be determined by examining the code

Use the operating leverage to estimate the effect of sales changes on net operating income.

Understand the basic concepts and application of the high-low method in cost analysis.

Comprehend the principles of scattergraph method and the role of activity as an independent variable in cost behavior analysis.

Grasp the concept and application of least-squares regression in minimizing errors and estimating cost behavior.

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Definitions:

Expected Revenue

The total amount of money anticipated to be received from sales of goods or services, based on expected sales volumes and prices.

English Auction

A common auction format where the price starts low and is bid upwards by participants, with the item being sold to the highest bidder.

Reservation Price

The top price a consumer agrees to pay for a product or service.

Expected Revenue

The anticipated amount of money that will be generated from sales of goods or services in a given period, often based on historical data and market analysis.