____ Is Based on the Principle That Knowledge of a General

question 22

Multiple Choice

____ is based on the principle that knowledge of a general category can be applied to more specific objects.

• A) Overloading
• B) Inheritance
• C) Overriding
• D) Polymorphism

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Definitions:

Credit Period

The duration of time that a buyer is allowed to pay for a credit purchase.

Credit Sales

Sales of goods or services that are paid for later, rather than at the time of purchase, building a receivable account on the seller's balance sheet.

Receivables

Amounts due from customers to a company for goods delivered or services rendered, awaiting payment.

Inventory Turnover

A ratio showing how many times a company has sold and replaced inventory over a certain period of time, indicating the efficiency of inventory management.