In a Hierarchical Data Model,data Elements Are Related in Many-To-Many

question 4

True/False

In a hierarchical data model,data elements are related in many-to-many relationships.

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Definitions:

Consolidated Sales

The total sales generated by a parent company and its subsidiaries, reported as one aggregated figure.

Intra-entity Transfers

Transactions involving assets, services, or funds between divisions, departments, or affiliates within the same entity.

Intra-entity Gross Profit

Gross profit that arises from transactions within the same entity, often eliminated in consolidated financial statements.

Consolidation Process

The procedure of combining the financial statements of separate but related entities to present as one entity for financial reporting.