​Which of the Following Is True of Class-Level Methods

question 34

Multiple Choice

​Which of the following is true of class-level methods?

• A)They depend on the existence of a particular object.
• B)​They cannot access data across all objects.
• C)They are executed by the class instead of a specific object of the class.
• D)​There can only be one class method per class.

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Definitions:

Contribution Margin Ratio

The percentage of sales revenue that exceeds variable costs, indicating the portion of sales available to cover fixed costs and generate profit.

Fixed Costs

Expenses that do not fluctuate with changes in production level or sales volume, such as lease payments, salaries, and insurance.

Operating Leverage

A financial concept that measures the extent to which a firm can increase operating income by increasing revenue, highlighting the impact of fixed versus variable costs.

Break-even Point

The point at which total costs equal total revenue, meaning the business makes neither a profit nor a loss.