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:

Objectives

Specific, measurable goals that an individual or organization aims to achieve.

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Scheduled or planned in a structured timetable, indicating when certain events, activities, or actions are to occur.

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The process of identifying a problem, devising alternatives for dealing with it, and then selecting and implementing one of those alternatives in order to reach a solution.

Goal-setting

The process of identifying specific, measurable, achievable, relevant, and time-bound objectives to guide actions and behaviors.