UML (Unified Modeling Language)is a Basic Tool When Using Object

question 11

True/False

UML (Unified Modeling Language)is a basic tool when using Object Oriented Programming stucture.

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Definitions:

Balance Sheet

A financial statement that summarises a company's assets, liabilities, and shareholders' equity at a specific point in time, providing insight into its financial position.

Ending Inventory

The value of goods available for sale at the end of an accounting period, crucial for calculating cost of goods sold and gross profit.

Pretax Income

The income that a company earns before tax expenses are deducted, often referred to as earnings before tax (EBT).

Understatement

The act of presenting financial figures that are lower than the actual numbers, either intentionally or unintentionally.