Using an REA Database Design,which of the Below Is False

question 85

Multiple Choice

Using an REA database design,which of the below is false with regards to cost data?

• A)Cost information is stored in several tables.
• B)Standard cost is stored as an attribute of the Inventory table because it is the same for all units of a given inventory item for a fiscal year.
• C)In contrast,the actual cost of inventory is stored in a relationship table because prices can vary over time.
• D)Actual cost can be stored as an attribute of the Inventory table for organizations that value inventory based on the most recent amount paid.

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Definitions:

What We Know

A phrase indicating the extent of knowledge and understanding that has been established on a particular subject up to the current time.

Opportunity Cost

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

Social Status

The position or rank of a person or group within the social hierarchy.

Environmental Factor

Any external influence, including social, cultural, and physical environments, that can affect an individual’s development and behavior.