Answer to Question #317237 in Finance for Jen

Question

Which of the following statements are true?

A. If a company sells digital assets, its revenue cycle still contains an inventory entity.

B. Intangible services (e.g., internet access fees) would be represented as a source entity. C. Information about assets that are rented would be stored in a resource entity.

D. All of these are correct.

If an insurance company needed to collect and maintain detailed information about each of a customer’s dependents, it could do so by

A. establishing a 1:1 relationship between the Dependents and the Customer entity.

B. establishing a 1:0 relationship between the Dependents and the Customer entity.

C. establishing a 1:N relationship between the Dependents and the Customer entity.

D. establishing a M:N relationship between the Dependents and the Customer entity.

Answer 1

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