What are design patterns?
What will be an ideal response?
Any activity in software development can benefit from patterns, but the most well-known and elaborated are design patterns. Design patterns are usually classified based on the type of the problems that they address. They include creational, structural, behavioral, data access, and architectural patterns.
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When the market is lower than cost, and the indirect method of recording the write-down is used, what account is credited?
a) a loss account b) merchandise inventory c) allowance to reduce inventory to market d) cost of goods sold
An expenditure over which you have no control and are obligated to make is a
A) repeating expenditure. B) fixed expenditure. C) constant expenditure. D) long-term expenditure. E) contractual expenditure.