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To Model Time-Variant Data, One Must Create a New Entity

question 7

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To model time-variant data, one must create a new entity in an M:N relationship with the original entity.


Definitions:

Procurement Organization

An entity responsible for acquiring goods and services needed by a company or institution to function effectively.

Purchasing

The process of acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process.

Vendors And Suppliers

Businesses or individuals that provide products or services to other entities as part of the supply chain.

Payments

Transactions involving the transfer of money or valuables in exchange for goods, services, or to fulfill obligations.

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