A Class from Which You Cannot Create Objects Is Called

question 57

Multiple Choice

A class from which you cannot create objects is called a/an ____.

• A) Abstract class.
• B) Concrete class.
• C) Non-inheritable class.
• D) Superclass.

Comprehend the factors that create barriers to entry in an industry.

Identify legal and illegal competitive behaviors within different market structures.

Analyze the impact of market share and concentration ratios on the competitive environment.

Recognize the conditions under which collusion and cartels are formed and their effects on the market.

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Definitions:

Book Value

The value of an asset according to its balance sheet account balance, which accounts for the cost of the asset minus any depreciation, amortization, or impairment costs.

Straight-Line Depreciation

A method of allocating the cost of a tangible asset over its useful life in equal installments.

Salvage Value

The expected salvage value of an asset at the termination of its useful period.

Depreciated

The reduction in the value of an asset over time due to wear and tear, aging, or obsolescence.