____ Are Collections of Services That May or May Not

question 21

Multiple Choice

____ are collections of services that may or may not include a data type or types.

• A) Modules
• B) Data types
• C) Classes
• D) Objects

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Definitions:

Opportunity Cost

The opportunity cost of an alternative is the profit you give up to pursue it.

Interest Payments

The amount paid by a borrower to a lender as compensation for the use of borrowed funds, usually calculated as a percentage of the principal amount.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision, representing the benefits that could have been received but were given up.

Explicit Cost

Direct, out-of-pocket payments for resources employed in the production of goods or services.