Within a Specialization Hierarchy, Every Subtype Can Have _____ Supertype(s)

question 36

Multiple Choice

Within a specialization hierarchy, every subtype can have _____ supertype(s) to which it is directly related.

• A) zero
• B) only one
• C) one or many
• D) many

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Definitions:

Present Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return, used to assess the value of future cash flows in today's dollars.

Recognition

The formal acknowledgment in accounting of a transaction or event's impact on the financial statements.