Which REA Diagraming Rule States at Least Two Agent Entities

question 99

Multiple Choice

Which REA diagraming rule states at least two agent entities are required for an event entity.

• A)Rule 1. Resource-event relationship
• B)Rule 2. Event-event relationship
• C)Rule 3. Agent-event relationship
• D)Rule 4. Agent-agent relationship

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Definitions:

Inventory Carrying Costs

The total costs associated with holding inventory, including storage, insurance, taxes, opportunity costs, and depreciation.

Real Estate Agencies

Businesses that facilitate the buying, selling, leasing, or renting of real estate properties.

Hospitals

Health care institutions providing patient treatment with specialized medical and nursing staff and medical equipment.

Inventory Carrying Cost

The complete expense linked to maintaining stock, encompassing storage, insurance, the decrease in value over time, and the cost of missed opportunities.