Fill in the Blanks Below Based on the Principles of REA

question 23

Essay

Fill in the blanks below based on the principles of REA modeling.
A. ___ events focus on activities involved with providing goods and services to customers.
B. ___ events deal with recording and maintaining data.
C. ___ events are concerned with human decision making.
D. The leftmost column in a REA model presents ___.
E. The middle column in a REA model presents ___.
F. The rightmost column in a REA model presents ___.
G. ___ tell an accounting professional about the relationships between elements of a REA model.
A. Operatingb. Informationc. Decision / managementd. resourcese. eventsf. agentsg. Cardinalities

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Definitions:

Acquisition

The process of learning or developing a new skill, behavior, or ability.

Contiguity

The condition of being in close association or proximity, often used in psychology to describe the closeness in time or space between two stimuli.

Conditioning

An approach to modifying behavior by teaching a subject to connect a favorable behavior with a stimulus that was initially unrelated.

Extinction

In behavioral psychology, the gradual decrease and eventual elimination of a conditioned response when it is no longer reinforced.