Duality in the REA Model Refers To

question 19

Multiple Choice

Duality in the REA model refers to:

• A)Debits equalling credits when recording a transaction
• B)The relationship between events that bring about an increase and decrease in resources
• C)An event can only relate to one resource and each event can only relate to one other event
• D)Each event needing two related agents - an internal and external agent

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Definitions:

Resale Price Maintenance

A practice where a manufacturer or wholesaler controls the retail price at which products are sold by retailers, often to maintain brand image or prevent price wars.

Anticompetitive Effects

Refer to actions or outcomes that reduce competition in a market, leading to less consumer choice and possibly higher prices.

Lawful

Conforming to, permitted by, or recognized by law and regulations.

Sherman Act

A landmark federal statute in the United States antitrust law passed by Congress in 1890 that prohibits monopolistic practices and promotes competition.