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:

Debt Cancelling

The act of nullifying the obligation to repay borrowed money, often in the context of financial relief for individuals or countries.

McDonaldization

A term used to describe the increasing presence of fast food business models in various sectors of society, emphasizing efficiency, predictability, calculability, and control.

Neoliberal Globalization

An economic and political ideology focused on free-market policies, deregulation, and increasing the role of the private sector in global affairs.

Neoliberalist

An advocate of neoliberalism, a policy model of social studies emphasizing free-market capitalism, deregulation, and reduction in government spending.