A Single Occurrence of an Entity Type Defines

question 2

Multiple Choice

A single occurrence of an entity type defines:

• A)entity instance
• B)entity appearance
• C)attribute
• D)data element

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Definitions:

Operating Income

This income represents the profit from a company's core business operations, excluding the deduction of interest and taxes.

Break-even Point

The level of production or sales volume at which total revenues equal total expenses, resulting in no profit or loss.

Service Company

A business that provides intangible products or services to customers, rather than physical goods.

Manufacturing Company

A company that uses raw materials, components, and parts to produce finished goods through the use of labor, machines, and equipment.