1:N, N:M, and 1:1 Are Common Examples of Minimum Cardinalities

question 25

True/False

1:N, N:M, and 1:1 are common examples of minimum cardinalities, where N and M represent many relationships for two different entities.

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Definitions:

Selling Prices

The amount a customer pays to purchase a product or service from a seller.

Variable Costs

Expenses that vary with the amount of output or sales.

Fixed Costs

Expenses that do not change in proportion to the activity of a business, such as rent or salaries.

Break-Even Point

The level of production or sales at which total revenues equal total expenses, resulting in neither profit nor loss.