Which of the Statements Below Is False with Regards to Generating

question 86

Multiple Choice

Which of the statements below is false with regards to generating financial statements from an REA-based relational database?

• A)It is possible to use a completed REA diagram to guide the writing of queries to produce the information that would be included in financial statements.
• B)Many financial statement items can be displayed by querying a single table.
• C)It is unnecessary to understand the REA data model to know which tables need to be included in each query to generate the correct answers to financial statement questions.
• D)A major advantage of the REA data model is that it integrates non-financial and financial data.

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Definitions:

Negligence

The failure to exercise the standard of care that a reasonably prudent person would have exercised in a similar situation, leading to harm or damage.

Res Ipsa Loquitur

A legal principle that infers negligence from the very nature of an accident or injury, in the absence of direct evidence on how any defendant behaved.

Plaintiff

An individual or entity who initiates a lawsuit against another party in a court of law.

Jurisdiction

The official power to make legal decisions and judgments, often defined by geographic area or type of case.