Which Statement Is Not Correct? in the Object-Oriented Design Approach

question 53

Multiple Choice

Which statement is not correct? In the object-oriented design approach

• A) a single change to an attribute or operation in one object class is automatically changed for all the object instances and subclasses that inherit the attribute
• B) each module can inherit from other modules the attributes and operations it requires
• C) the entity relationship diagram is used to create a program which can be used in other systems
• D) the control module must be recreated for each program

Assess and calculate the cash flow to shareholders and creditors.

Recognize the importance and calculation of non-cash expenses in financial analysis.

Analyze and compute net working capital and its changes over time.

Understand the process and implications of capital cost allowance and its effect on asset valuation.

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Definitions:

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good.

Sales Volume

The number of units of a product or service sold in a specific period of time, indicative of consumer demand and business performance.

Demand Elastic

Refers to the degree to which demand for a good or service varies with its price. High elasticity indicates demand changes significantly with price changes, while low elasticity indicates little to no change.

Mark-Up Percentage

The percentage added to the cost price of goods to cover overhead and profit.