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What Are Two Common Methods by Which Functions Serve as Abstraction

question 23

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What are two common methods by which functions serve as abstraction mechanisms? (Choose two.)


Definitions:

Estimated Returns Inventory

An estimate of the goods or materials that are expected to be returned by customers over a certain period.

Discount Period

The time frame within which a payment is made early enough to receive a discount for early payment.

Invoice Payment

The process of paying off the amount that is stated on an invoice, which is a bill for products or services provided.

Perpetual Inventory System

A system of inventory accounting that immediately logs inventory sales or purchases using computerized point-of-sale systems and software for managing enterprise assets.

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