Given the Following Diagram Showing Class Relationships: What Type

question 43

Multiple Choice

Given the following diagram showing class relationships: What type of relationship is shown between BankAccount and Customer?

• A) Customer aggregates BankAccount, indicating that a customer may have 2 bank accounts.
• B) BankAccount aggregates Customer, indicating that 2 customers may share a bank account.
• C) BankAccount depends on Customer, indicating that many customers may have 2 bank accounts.
• D) Customer depends on BankAccount, indicating that a customer may have 2 bank accounts.

Identify the characteristics and implications of different types of accounting periods.

Comprehend the principles guiding revenue and expense recognition.

Discern between different accounting methodologies (accrual vs. cash basis) and their acceptance under GAAP.

Clarify the role and types of contra asset accounts.

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Definitions:

Startup

A company in the initial stages of operations, often characterized by innovations and fast growth, aiming to meet a marketplace need by developing or offering a new product or service.

Operational Excellence

A philosophical approach that focuses on improving processes, reducing waste, and ensuring optimal performance in daily operations.

Companies Compete

The state in which businesses are in active pursuit of gaining an advantage or superiority over others in the same industry or market.

Dependent Contractors

Dependent contractors are workers who, although operating independently from their clients, have a significant portion of their income or work coming from a single client, potentially giving the client some level of control or dependence.