If Class D Is Derived from Class B,we Speak of D

question 24

True/False

If class D is derived from class B,we speak of D as the child class and B as the parent class.

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Definitions:

Fixed Budget

A Fixed Budget is a financial plan that allocates set amounts to specific categories or operations, without adjusting for changes in volume or activity levels.

Predicted Amount

An estimated figure or value anticipated based on current trends, analysis, or modeling.

Sales

The transactions involving the exchange of goods or services for money, constituting the primary revenue for most businesses.

Price Variance

The difference between the actual cost of a product or service and its standard or expected cost.