Explanation

Box 1: 1:N
Scenario: A sortable listing of all in-process jobs from the Job Setup table, by customer, start date, and product.
Box 2: User or Team owned
Scenario: Employees must only be able to access their own time tracking records from the app.
User or team: Data belongs to a user or a team. Actions that can be performed on these records can be controlled on a user level.
Reference:
https://docs.microsoft.com/en-us/powerapps/maker/common-data-service/types-of-entities