Service Is Another Name for _____

question 37

Multiple Choice

Service is another name for _____.

• A) attribute
• B) class
• C) abstract class
• D) operation
• E) object

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Definitions:

Minimizing Losses

A strategy focused on reducing the amount of money or resources wasted or not utilized efficiently.

Output

The total amount of goods and services produced by an economy or a firm in a specific period.

Natural Monopoly

A market condition where a single firm can supply a good or service to an entire market at a lower cost than two or more firms, often due to high fixed costs or unique resources.

Competitive Industries

Sectors of the economy characterized by a large number of firms competing fiercely with one another to sell similar products or services.