Integrating Separate REA Diagrams Developed for Individual Transaction Cycles into a Single,comprehensive

question 33

Multiple Choice

Integrating separate REA diagrams developed for individual transaction cycles into a single,comprehensive enterprise-wide data model

• A)is possible.
• B)requires understanding what the cardinalities in each separate diagram reveal about the organization's business policies and activities.
• C)provides a single comprehensive enterprise-wide model of the organization.
• D)All of the above are true.

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Definitions:

Income

A broader term that encompasses money received on a regular basis from work, property, investments, or welfare payments.

Opportunity Costs

The cost of an alternative that must be forgone in order to pursue a certain action; the benefits you could have received by taking an alternative action.

Trade-offs

The concept that in order to gain something, something else must be given up, reflecting the opportunity cost of choices and decisions.

Economic Growth

An increase in the amount of goods and services produced per head of the population over a period, reflecting improvements in the standard of living.