Which of the Following Is False About Cardinalities

question 24

Multiple Choice

Which of the following is false about cardinalities?

• A) Cardinalities describe the nature of the relationship between two entities.
• B) No universal standard exists for representing information about cardinalities in REA diagrams.
• C) The minimum cardinality can be zero or one.
• D) The maximum cardinality can be zero, one, or many.

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Definitions:

Exchange Rate

The exchange rate determining the worth of one currency in a different currency.

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost than others, leading to specialized production and trade benefits.

Specialization

The practice of focusing effort and resources on a specific task, area of knowledge, or market segment to increase efficiency and proficiency.

Comparative Advantage

The proficiency of an individual, a business, or a nation in generating a product or executing a service at a more economical opportunity cost than its competitors.