An Occurrence of a Particular Entity Is Called an ________

question 40

Multiple Choice

An occurrence of a particular entity is called an ________.

• A)entity class
• B)entity relationship
• C)entity instance
• D)entity attribute

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Definitions:

Temporal Method

An accounting method used to translate foreign currency balances when the exchange rate fluctuates significantly, converting monetary items at the exchange rate of the transaction date.

U.S. Dollars

The official currency of the United States, commonly used as a basis for financial transactions and accounting records.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including material, labor, and manufacturing overhead expenses.

Historical Rate

A reference to the exchange rate used in the past for converting one currency to another at a specific time.