An Operation That Creates a New Instance of a Class

question 39

Multiple Choice

An operation that creates a new instance of a class is called a(n) :

• A) query operation.
• B) update operation.
• C) scope operation.
• D) constructor operation.

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Definitions:

Guaranteed Residual Value

The minimum value guaranteed by a lessor to a lessee regarding the asset's value at the end of the lease term.

Maintenance Agreement

A contract between a service provider and a customer outlining the terms for the maintenance and repair of equipment over a specified period.

Implicit Lease Rate

The interest rate embedded in a lease agreement that equates the value of lease payments to the fair value of the leased asset.

Incremental Borrowing Rate

The interest rate a lessee would have to pay if, instead of leasing, they financed the purchase of an asset with a loan over a similar term.