Which of the Following Transactions Is Represented by the Diagram

question 55

Multiple Choice

Which of the following transactions is represented by the diagram below?

• A) Each sale is associated with a single order, and there is a time lag between the time an order is taken and delivery of the product.
• B) Each sale can be comprised of multiple orders, and each order can be associated with multiple sales or no sales.
• C) Each sale can be comprised of multiple orders, and each order can be associated with one or more sales.
• D) Each sale is associated with a single order, and there is no time lag between the time an order is taken and delivery of the product.

---

Definitions:

Calculation

The process of determining a numerical result or value, often involving mathematical operations.

Goodwill

An intangible asset representing the excess value paid for a company over its net assets at the time of acquisition.

Patent

A legal document granted by the government providing an inventor exclusive rights to manufacture, use, or sell an invention for a certain number of years.

Trade Name

A commercial name or designation used to identify a company or product in the market, which may or may not be registered as a trademark.