The Top-Down Approach to Data Modeling Derives the Business Rules

question 112

True/False

The top-down approach to data modeling derives the business rules for a data model from an intimate understanding of the nature of the business.

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Definitions:

Labor

The physical and mental effort used in the production of goods and services.

Capital

Resources or assets that are used in the production of goods and services, including physical assets like machinery and buildings, and intangible assets like patents.

Fixed-Proportion

A production process in which the inputs are used in fixed ratios, with no substitution possible between them.

Perfect Substitutes

Goods or services that can be used in exactly the same way, where the consumer is indifferent between the two and will choose the cheaper one.