The Following Catch Statement Can: Catch (Exception E) {…}

question 16

Multiple Choice

The following catch statement can: catch (Exception e) {…}

• A) handle all exceptions that are instances of the Exception class, but not a subclass of Exception
• B) handle all throwable objects by using polymorphic reference as a parameter in the catch clause
• C) handle all exceptions that are instances of the Exception class or a subclass of Exception
• D) is an error since no objects are instantiated in the Exception class

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Definitions:

Implicit Costs

Implicit costs, also known as imputed or opportunity costs, are the costs of resources owned by the firm that are used in its own production process.

Explicit Costs

Direct, out-of-pocket payments for wages, rent, materials, and other inputs in the production process.

Opportunity Costs

The value of the best alternative foregone when a decision is made to pursue a particular action, essentially the cost of choosing one option over another.

Implicit Costs

The opportunity costs of using resources owned by the firm for its own production, instead of earning income elsewhere.