An Example of Many-To-Many Relationship Would Be

question 99

Multiple Choice

An example of many-to-many relationship would be:

• A)One customer for one billing date.
• B)Multiple customers for one inventory item.
• C)Multiple vendors for multiple items.
• D)One employee, three timecards for the pay period.

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Definitions:

Net Social Gain

The total benefit to society after subtracting the costs associated with an economic activity or policy.

Consumer Surplus

The distinction between what consumers are inclined and financially able to pay for a service or good and the actual payment made.

Welfare Loss

The decrease in social welfare, usually measured as lost economic efficiency, due to factors like taxes, subsidies, or market distortions.

Welfare Loss

The decrease in social welfare, usually measured as the loss of consumer and producer surplus, resulting from inefficient market conditions or government policies.