Which Statement Exemplifies Abstraction

question 15

Multiple Choice

Which statement exemplifies abstraction?

• A)The president of General Motors views the company in terms of every worker, every supplier, and every car.
• B)The president of General Motors views the company in terms of its corporate divisions and high-level policy issues.
• C)A good approach to algorithm design and software development is to focus on how we might actually implement a particular operation.
• D)A convenient way to view the hardware component called "memory" is to focus on the billions of electronic devices that go into constructing a memory unit.

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Definitions:

Shareholders' Equity

The portion of a company's assets that belongs to shareholders after liabilities have been subtracted; also known as net assets or equity.

Credit Statement

A detailed report of an individual's or company's credit history and current credit standing, used by lenders to evaluate creditworthiness.

Statement of Cash Flows

A financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents.

Liquidity Ratios

Measures of a firm’s ability to meet its short-term obligations.