In a ________ Database Model,data Is Represented as a Set

question 6

Multiple Choice

In a ________ database model,data is represented as a set of related tables or relations.

• A)Logical
• B)Conventional
• C)Relational
• D)Physical

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Definitions:

LIFO Cost

LIFO (Last In, First Out) Cost refers to an inventory valuation method where the most recently acquired items are the first to be sold or used, affecting the cost of goods sold and inventory valuation.

Net Income

The amount of money left over after all operating expenses, taxes, and interest are subtracted from total revenue.

Physical Flow

The movement of physical goods through a production process or supply chain.

FIFO Inventory

A rephrased definition: A method to manage and value inventory assuming the first items purchased are the first to leave the warehouse.