Collegiate Tuxedo Rents Apparel Throughout the Year

question 34

Multiple Choice

Collegiate Tuxedo rents apparel throughout the year. They have experienced non-payment by about 15% of their customers with an average loss of $200. Collegiate wants to stem their losses by using an instant electronic credit check on the customer. These checks will cost them $7 on each of the 1,000 customers. The opportunity cost is 1.5% for the credit period. Should they pursue the credit check?

• A) No, because the $7000 cost is too high.
• B) No, because a $200 loss is minor.
• C) Yes, because the net gain is $30,000.
• D) Yes, because the net gain is $23,000.
• E) Yes, because the net gain is $193,000.

Understand the concepts of fields, methods, and constructors within a class.

Differentiate between static and instance methods as well as shallow and deep copying.

Comprehend the use and impact of access modifiers (public, private) on class members.

Grasp the concept and legal use of method overriding, especially toString method.

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Definitions:

Autism Spectrum Disorder

A disorder of development that manifests through challenges in social interaction and communication, coupled with limited or repetitive thought and behavior patterns.

Intensive Behavioral Intervention

A comprehensive, individualized treatment strategy often used for children with autism, aimed at improving social, communicational, and learning skills through positive reinforcement.

Behavior Modification

Behavior modification is the use of empirical and methodical techniques to change behavior, typically using reinforcement or punishment.

Progressive Relaxation

A method of reducing stress and anxiety by tensing and then relaxing each muscle group in the body sequentially, promoting physical and mental relaxation.