Identify the Item Below That Would Be Classified as an Event

question 32

Multiple Choice

Identify the item below that would be classified as an event by the REA data model.

• A)An IOU from a customer.
• B)The customer.
• C)A customer sale.
• D)A loan from a vendor.

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Definitions:

Strong Preferences

Intensely favorable biases or priorities individuals or groups hold for certain options or actions over others.

Paradox Of Voting

A situation in rational-choice theory where individual votes have little impact on the outcome, yet people still participate in elections.

Median-Voter Model

A political theory suggesting that the outcome of majority rule voting systems will represent the preferences of the median voter.

Public Good

A good that is non-excludable and non-rivalrous, meaning it can be enjoyed by all members of society without reducing its availability to others.