The Notation of (1,1) Is Used to Specify the Relationship

question 27

True/False

The notation of (1,1) is used to specify the relationship type of one-to-many.

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Definitions:

Activity Rate

This refers to the cost driver rate used in activity-based costing to allocate costs to products or services based on the activities that those products or services require.

Activity Cost Pool

A grouping of all the costs related to a particular activity, used in activity-based costing to allocate costs to products or services.

Machine-Hours

The total number of hours that machines are in operation during a specific period in the production process.

Machining Costs

Expenses related to the operation of machining equipment, including maintenance, energy consumption, and tooling.