Which of the Following Is True of Entities

question 32

Multiple Choice

Which of the following is true of entities?

• A) An identifier's value is associated with every entity in the data model.
• B) Entities can only represent a logical construct or transaction, not a physical object.
• C) Entities' characteristics are described by attributes.
• D) The relationships between entities are known as attributes.

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Definitions:

Demand Decreases

A situation where the quantity of a product or service that consumers are willing to buy at a given price drops, often due to changes in preferences, income, or substitutes.

Industry Exit

The process or act of businesses leaving a particular market or industry, often due to unfavorable conditions or better opportunities elsewhere.

Long-Run Equilibrium

A state in a market where all factors of production are fully utilized, leading to a situation where supply equals demand, with no external pressures to change.

Economic Profit

The difference between total revenue and total costs, including both explicit and implicit costs, representing true profitability.