For a Unary M:N Relationship

question 16

Multiple Choice

For a unary M:N relationship:

• A)the entity type is modeled as one relation;using as its primary key a composite key,a separate relation is created to represent the M:N relationship
• B)the entity type and the M:N relationship are modeled as one relation;a composite key is used
• C)separate relations for the class and for each subclass are created;primary and foreign keys are established for each class
• D)the primary key of the entity on the one side of the relationship serves as a foreign key in the relation on the many side of the relationship

Understand the implication of FOB shipping point and FOB destination terms on freight costs.

Record the journal entries for the sale of merchandise, including scenarios with sales tax.

Understand the benefits of purchase discounts and their calculation.

Differentiate between the chart of accounts for merchandising and service businesses.

---

Definitions:

Full Capacity Sales

Full Capacity Sales represent the maximum sales level a company could achieve utilizing its available capacity without incurring additional capital expenses.

Net Income

Net income, also known as net profit, is the total earnings of a company after subtracting all expenses, taxes, and costs from total revenue; it indicates the financial health and profitability of a business.

Fixed Assets

Assets with a useful life extending beyond one year, used in the operations of a business, such as property, plant, and equipment.

Corporate Financial Planning

Involves the development of long-term operational plans for a company, ensuring adequate funding and maximizing shareholder value.