Case-Based Critical Thinking Questions Case 13-3 Thomas Wants to Create

question 51

Multiple Choice

Case-Based Critical Thinking Questions Case 13-3 Thomas wants to create a custom object using the new operator. He applies the following commands: var objName = new Object() ; object.property = value; object.method = function() { commands }; The new Object() statement is equivalent to a(n) _____.

• A) empty object literal
• B) prototype chain
• C) for…in loop
• D) base object

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Definitions:

Net Income

The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue, indicating the company's financial performance over a specific period.

Discount Expense

The cost associated with the difference between the face value of a payable and the actual amount paid, recognized over the life of the debt.

Call Option

A financial contract that gives the holder the right, but not the obligation, to buy a stock, bond, commodity, or other assets at a specified price within a specific time period.

Cash Flow Hedge

A cash flow hedge is a hedging strategy used to manage exposure to variability in cash flows associated with a particular risk, typically related to interest rates, commodity prices, or currency exchange rates.