Which of the Following Statements Is True About the Development

question 8

Multiple Choice

Which of the following statements is true about the development of an REA model?

• A)Events that pertain to the entry of data are included in the REA model.
• B)The objective is to model basic value-chain activities.
• C)REA diagrams model individual transactions and data collections.
• D)Information retrieval events are modeled as events in the REA model.

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Definitions:

Cease Operation

The act of halting all business activities permanently or temporarily.

Insurer Repairs

Repairs made to a policyholder's property or vehicle, funded by their insurance company following a claim.

Insured

A person or entity covered by an insurance policy, which provides financial protection against loss or harm.

Damaged Goods

Merchandise that is broken, defective, or otherwise impaired, reducing its value or utility.