In a BPMN Collaboration Model of the Purchase Process,which of the Following

question 22

Multiple Choice

In a BPMN collaboration model of the purchase process,which of the following is the appropriate term for the message flows between pools?

• A)Orchestration
• B)Choreography
• C)Collaboration
• D)Intermediate events

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Definitions:

Retained Earnings

The portion of net income that is not distributed to shareholders but instead reinvested in the business or used to pay off debt.

Insurance Expense

The cost incurred by an entity to obtain insurance coverage, recognized as an expense over the period the insurance provides coverage.

Post-Closing Trial Balance

A list of all accounts and their balances after closing entries are made, used to check the balance of debits and credits.

Fees Earned

Income received from providing services, typically recorded when the service is rendered, not when the payment is received.