In the REA Framework, Which of These Would Be Recorded

question 100

Multiple Choice

In the REA framework, which of these would be recorded as an "event?"

• A)Hiring a new president of the company
• B)Taking an initial sales order from a customer
• C)Buying a piece of equipment for cash
• D)all of these would be recorded as events

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Definitions:

Riding Lawn Mowers

Lawn mowing machines designed for the operator to ride on, offering faster and more comfortable mowing of larger areas compared to push mowers.

Promotional Allowance

A financial incentive provided by manufacturers to retailers for promoting their products, which can include discounts or funds for advertising.

Free Goods

Products or services offered at no cost, often as part of a promotional campaign to attract customers or for sampling.

Marketing Channel

A marketing channel is a set of practices or activities necessary to transfer the ownership of goods from the point of production to the point of consumption, including distributors, wholesalers, and retailers.