Which of the Following Resources Is Usually Not Modeled as an Entity

question 7

Multiple Choice

Which of the following resources is usually not modeled as an entity (table) in an REA data model?

• A) Cash
• B) Inventory
• C) Accounts receivable
• D) Property, plant and equipment

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Definitions:

Quantity Demanded

The aggregate quantity of a product or service that buyers are ready and capable of buying at a certain price during a defined time frame.

Demand

The willingness and financial capacity of individuals to buy goods and services at certain price levels.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, resulting in a stable market condition.

Equilibrium Quantity

The quantity of goods or services that is supplied and demanded at the equilibrium price in a market.