Saying That Two Entities Are Functionally Dependent Means That ________

question 30

Multiple Choice

Saying that two entities are functionally dependent means that ________.

• A)the entities are always connected by a mathematical equation
• B)for one of the entities,if we are given the value of that entity,we can determine the value of one other entity
• C)for both of the entities,if we are given the value of that entity,we can determine the value of one other entity
• D)the functional dependency will have to be removed through normalization
• E)All of the above.

Identify applications and non-applications of sustainability in business practices.

Recognize the components of the ISO14000 environmental management standards.

Understand the 4 R's of environmental sustainability (Reduce, Reuse, Recycle, Reputation).

Perform cost-benefit analysis for complex decision-making in production.

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Definitions:

Ending Inventory

The total value of all goods available for sale at the end of an accounting period, not yet sold.

Variable Production Costs

Costs that vary directly with the level of production, such as materials, labor, and utilities needed for manufacturing.

Absorption Costing

An accounting method that includes all manufacturing costs (direct materials, direct labor, and both variable and fixed manufacturing overhead) in the cost of a product.

Unit Product Cost

The total cost (both fixed and variable) associated with producing a single unit of a product.