Every Person in the World Has a Birthdate,but No Person

question 10

Multiple Choice

Every person in the world has a birthdate,but no person has more than one birthdate.Thus,the cardinality that exists between birthdate and people is

• A) one-to-one.
• B) one-to-many.
• C) many-to-many.
• D) none of the above

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Definitions:

Inventory

Inventory refers to the goods and materials that a business holds for the ultimate purpose of resale or production.

Continuing Franchise Fees

Regular payments made by franchisees to the franchisor for ongoing support and the right to continue operating under the franchisor's brand and system.

Franchise Agreement

A legal, binding contract between a franchisor and franchisee, outlining the terms and conditions for running a franchised business.

Cost Recovery Method

A revenue recognition method where no profit is recognized until the costs of the sold goods or services are fully recovered.