Which statement correctly describes the relationship between a 1-1 association and inheritance?

A 1-1 association represents a relationship where one instance of an entity is associated with one instance of another entity. This type of relationship can be conceptualized as "has" because one entity can be said to have exactly one of another entity.

Inheritance, on the other hand, describes a relationship between a parent class and a child class where the child class inherits properties and behaviors from the parent. This relationship is often described as "is" since the child is a specialized version of the parent class, embodying the "is-a" relationship.

Thus, the correct statement that categorizes these relationships appropriately describes the 1-1 association as "HAS" and inheritance as "IS." This distinction clarifies how the two concepts function in object-oriented design and data modeling. The other options do not accurately represent the relationships as they mix the terms incorrectly, leading to confusion about their meanings and uses in practice.