The Cardinality Constraint

question 2

Multiple Choice

The cardinality constraint:

• A) specifies the degree of minimum participation of one entity in the relationship with the other entity.
• B) provides more information than the participation constraint.
• C) is the most common constraint specified in E-R diagrams.
• D) all of the above.

Identify situations where third-party beneficiaries cannot enforce agreements.

Explain the impact of assignment and delegation on the involved parties' rights and responsibilities.

Understand the concepts of assignment and delegation in contract law.

Distinguish between assignment of rights and delegation of duties.

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Definitions:

U.S. Price Level

An index that measures the average prices of goods and services across various sectors in the United States over a specific period.

Real GDP

A metric that adjusts for inflation to show the value of all goods and services produced in an economy during a specific year, using prices from a chosen base year.

Short-run

A period in economics during which at least one factor of production is considered fixed and unchangeable, limiting the ability of the economy to adjust to changes in market conditions.

Output

The quantity of goods or services produced within a given timeframe by a firm, industry, or country.