An Attribute That Is Part of a Key Is Known

question 54

Multiple Choice

An attribute that is part of a key is known as a(n) _____ attribute.

• A) important
• B) nonprime
• C) prime
• D) entity

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Definitions:

Calculated Selling Price

The calculated selling price is the price at which a product must be sold to cover its costs and achieve a desired profit margin.

Markup

The amount added to the cost price of goods to cover overhead and profit.

Predetermined Overhead Rate

A rate used to allocate overhead costs to products or services, calculated in advance based on estimated costs and activity levels.

Predetermined Overhead Rate

A rate used to allocate manufacturing overhead costs to products based on a pre-established criterion, such as labor hours or machine hours.