Match Each of the Following Terms with Its Corresponding Definition

question 80

Multiple Choice

Match each of the following terms with its corresponding definition.
-A manner that represents how an object acts and reacts

• A)Aggregation
• B)Association
• C)Behavior
• D)Encapsulation
• E)Event
• F)Operation

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Definitions:

Supply And Demand

The fundamental economic model that explains the interaction between the quantity of a good or service that producers wish to sell and the quantity that consumers wish to buy.

Standardized Product

A product that is uniform in quality and characteristics, produced in large volumes, and by many different firms.

Determinant

A mathematical concept referring to a scalar value that can be calculated from the elements of a square matrix, often used to solve systems of linear equations.

Shortage

A situation where the demand for a product or service exceeds the available supply at a particular price.