Object-Oriented Modeling Is Based on the Concepts of

question 37

Multiple Choice

Object-oriented modeling is based on the concepts of

• A)objects and relationships.
• B)classes and objects.
• C)class and inheritance.
• D)objects and inheritance.
• E)classes and relationships.

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Definitions:

Productive Capital

Resources such as machinery, tools, and buildings used in production to generate wealth.

MP/P

The ratio of marginal product to price, often used to optimize production levels in economic analysis.

Factor Markets

The venues where services of the factors of production, such as labor, capital, and land, are bought and sold.

Profit-Maximizing

The process or strategy of adjusting operations, production, and sales to achieve the highest possible profit.