For a Relationship to Be Considered a Binary Relationship It

question 76

Multiple Choice

For a relationship to be considered a binary relationship it must satisfy which of the following conditions?

• A)It must involve exactly two entity classes.
• B)It must have a maximum cardinality of 1:1.
• C)It must have a maximum cardinality of 1:N.
• D)Both A and B are correct

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Definitions:

Unit Product Costs

The calculated cost assigned to a single unit of product, typically including direct materials, direct labor, and allocated overhead.

Markup

Markup refers to the amount added to the cost price of goods to cover overhead and profit, calculated as a percentage of the cost.

Predetermined Overhead Rate

A rate calculated before a period begins, used to allocate overhead costs to products or cost objects based on a consistent activity measure.

Overhead Applied

The amount of overhead cost allocated to specific products or cost centers based on a predetermined rate.