In an REA Diagram, the Rectangle Is Used to Represent

question 33

True/False

In an REA diagram, the rectangle is used to represent the composite attribute.

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Definitions:

Opportunity Cost

The loss of potential gain from other alternatives when one alternative is chosen.

Economic Profit

The difference between a firm's total revenues and its total costs, including both explicit and implicit costs.

Economic Profit

The difference between total revenue and total cost, including both explicit and implicit costs.

Accounting Profit

The difference between a company's total revenue and its explicit costs.