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In Addition to Modeling Resources,Events,and Agents,identify the Two Additional Concepts

question 96

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In addition to modeling Resources,Events,and Agents,identify the two additional concepts an organization will need to incorporate if it wishes to extend the REA to include information about firm policies.


Definitions:

Foreign Direct Investment

An investment made by a company or individual in one country in business interests in another country, in the form of establishing business operations or acquiring business assets.

Internationalization Process

The process through which a company expands its operations beyond its national borders into the international market.

Joint Venture

A business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task, project, or any other business activity, sharing the risks and rewards.

Authorized

Having official permission or approval to do something.

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