Given the Following Diagram Showing Class Relationships: What Type

question 53

Multiple Choice

Given the following diagram showing class relationships: What type of relationship is shown between LineItem and Product?

• A) Product inherits from LineItem.
• B) Product aggregates LineItem.
• C) LineItem aggregates Product.
• D) LineItem inherits from Product.

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Definitions:

Lower Of Cost

An accounting principle where the inventory is recorded at either its historical cost or market value, whichever is lower, to report assets conservatively.

Total Inventory Value

The total cost of all items held in inventory by a business, calculated at a specific point in time.

Net Realizable Value

The projected price at which goods are sold, minus the expenses associated with their sale or disposal.

Gross Profit

The profit a company makes after subtracting the costs associated with making and selling its products, or the costs associated with providing its services.