A Relation in an ER Model Is the Same as an Entity

question 83

True/False

A relation in an ER model is the same as an entity in the REA model.

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Definitions:

Profits

represents the financial gains obtained from business activities after subtracting all expenses.

Transactions

Agreements or exchanges between parties, often involving the sale, purchase, or trade of goods and services.

Joint Stock Company

A type of business entity owned by shareholders where the stock can be bought and sold on stock exchanges.

Perpetual Existence

A corporate structure characteristic where a company continues indefinitely, unless dissolved, regardless of changes in ownership or management.