We Want to Change the BankAccount Class So That All

question 2

Multiple Choice

We want to change the BankAccount class so that all accounts will have a monthly fee. When a BankAccount is created, its monthly fee is set and cannot be changed. The instance variable monthlyFee will hold the monthly fee. Which of the following methods deducts the value of the monthly fee from the account?

• A) public void chargeFee()
• {
• Balance = balance - monthlyFee;
• }
• B) public void chargeFee()
• {
• InitialBalance = initialBalance - monthlyFee;
• }
• C) public void chargeFee()
• {
• Balance = monthlyFee;
• }
• D) public void chargeFee()
• {
• Balance - monthlyFee;
• }

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Definitions:

Cycle Inventories

are stocks that companies maintain to smoothly handle the fluctuations in production and sales, minimizing stockouts and overstock situations.

Setups

The preparation and adjustments made to machinery or equipment before a production run or the execution of a particular job.

Economic Order Quantity

A calculation used to determine the most efficient order size that minimizes the sum of ordering and holding costs associated with inventory management.

Holding Costs

Expenses associated with storing inventory, including warehouse storage fees, insurance, and spoilage costs, until the inventory is sold or used.