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Reusing Existing Classes and Interfaces Makes the Job of Programming

question 28

Essay

Reusing existing classes and interfaces makes the job of programming easier.What are some of the future advantages that come from writing extendable base classes?


Definitions:

Elasticity

A measure of how much the demand or supply of a product changes in response to a change in price.

Stock Put Option

A financial contract giving the buyer the right, but not the obligation, to sell a stock at a specified price within a certain time frame.

Hedge Ratio

A ratio used to measure the amount of exposure reduced in an investment position through the use of a hedging strategy, often involving derivatives such as options or futures contracts.

Put

An options contract giving the owner the right, but not the obligation, to sell a specified amount of an underlying security at a predetermined price within a specified time frame.

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