____________________ Is the Process of Combining All of an Object's

question 57

Short Answer

____________________ is the process of combining all of an object's attributes and methods into a single package.

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Definitions:

Accounts Payable

Short-term liabilities or the money a company owes to suppliers or vendors for goods and services that were purchased on credit.

Inventories

Quantifiable goods or materials that a business holds with the intent of selling them in the course of business operations, constituting a significant portion of a company's assets.

Credit Terms

Conditions under which credit will be extended to a borrower, detailing repayment amounts and the timeframe of repayment.

Discount

Generally a reduction in price or value. In finance, a reduction in the present value of a future sum due to the action of interest.