Identify the Item Below That Would Be Classified as an Event

question 64

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 CFO
• C) a customer sale
• D) none of the above

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Definitions:

Reliable Information

Information that is accurate, verified, and trustworthy, enabling informed decision-making.

Condition of Risk

The presence of uncertainty regarding the outcome of an action or decision, potentially influencing the achievement of organizational or personal goals.

Interdisciplinary Input

Interdisciplinary input involves the integration of knowledge and methods from different disciplines to solve complex problems, fostering innovation and comprehensive understanding.

Time-consuming

Describes tasks or activities that require a lot of time to complete, often implying a trade-off with efficiency or productivity.