Which of the Following Is/are True with Regards to Using

question 10

Multiple Choice

Which of the following is/are true with regards to using REA diagrams to retrieve information from a database?

• A)Although neither journals nor ledgers appear explicitly in an REA diagram,each can be created through appropriate queries.
• B)The information normally found in a journal is contained in the tables used to record data about events.
• C)Much of the information about an organization's assets that is traditionally recorded in ledgers is stored in resource tables in an REA-based relational database.
• D)All of the above

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Definitions:

CPI

A gauge of the average price levels for a mix of consumer services and products like medical care, transportation, and food, the Consumer Price Index assesses this through a weighted average.

Deflation

A decrease in the general price level of goods and services in an economy over time.

European Nations

Countries located in the continent of Europe, each with its own government, culture, and economy.

Booming Economy

An economic state characterized by rapid growth, increased spending, and low unemployment.