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:

Underserved Populations

Groups of individuals who do not receive adequate services, resources, or attention to meet their basic needs or rights.

Enterprises

Organizations or businesses engaged in commercial, industrial, or professional activities.

Business Model

A conceptual framework that describes how a company creates, delivers, and captures value, outlining its products, customer base, and financial strategies.

Generating Revenues

The process of producing income for a business through its various operations.