Each Relationship Has a Characteristic, Called a Cardinality That Shows

question 6

True/False

Each relationship has a characteristic, called a cardinality that shows the degree to which each entity participates in the relationship.

---

Definitions:

Variable Cost

Costs that vary directly with the level of production or volume of operations.

Sales Volume

The quantity of products or services sold by a business within a specific time period.

Fixed Costs

Expenses that do not change with an increase or decrease in the amount of goods or services produced.

Net Income

The total profit of a company after all expenses, including taxes and interest, have been deducted from total revenue.