An Attribute That May Take on More Than One Value

question 108

Multiple Choice

An attribute that may take on more than one value for each entity instance is referred to as a:

• A)gerund
• B)multivalued attribute
• C)nonexclusive attribute
• D)supertype

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Definitions:

Absorption Costing

An accounting method that includes all manufacturing costs, both variable and fixed, in the calculation of the cost per unit of goods produced.

Variable Costing

A cost accounting method that includes only variable production costs (direct labor, direct materials, and variable manufacturing overhead) in product costs.

Unit Product Cost

The cost computed for a single unit, encompassing all direct materials, direct labor, and both variable and fixed overheads.

Break-Even

A situation where cumulative expenses and revenues balance out, leaving no profit or loss.