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GENERIC ERD
Observe the GENERIC ER Diagram below:
This ER diagram will be used for the following questions citing Generic ER Diagram.
-If in the GENERIC ERD the Symbol 1 is >| and the Symbol2 is ||,then the number of optional columns in the relational schema resulting from mapping the GENERIC ERD is 0.
Contribution Margin
The amount by which sales income exceeds variable expenses, which is utilized to pay off fixed expenses and create profit.
Variable Costs
Expenses that vary in direct proportion to changes in production or sales volume, such as raw materials and direct labor costs.
Sales
Revenue generated from goods or services exchanged by an entity during its normal business operations.
Break-even Analysis
An assessment to determine the sales volume at which total revenues equal total costs, indicating no net loss or gain.
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