The Customer Relationship System Needs to Instantiate a New Customer

question 15

Multiple Choice

The customer relationship system needs to instantiate a new customer object.How should this be done?

• A)Let the factory object do it."
• B)Let the view layer object do it."
• C)Let the controller object do it."
• D)Let another business object do it."

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Definitions:

Accrued Liability

Expenses that have been incurred but not yet paid for, recognized in the financial statements under the accrual basis of accounting.

Contingent Liability

A potential obligation that may arise from a past event, the outcome of which will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events.

Financial Statements

Reports that provide an overview of a company's financial condition, including balance sheet, income statement, and cash flow statement.

Accounts Payable Turnover Ratio

A financial metric that measures how quickly a business pays off its suppliers by comparing net credit purchases to average accounts payable.