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:

Famous British Trading Companies

Renowned companies from Britain historically involved in international trade, such as the British East India Company, which played significant roles in global commerce.

Governmental Powers

Governmental Powers refer to the authorities and powers granted to government bodies to create, enforce, and interpret laws governing the society they serve.

Publicly Held Corporation

A corporation whose shares are publicly traded on stock exchanges, allowing for ownership by public investors.

For-Profit Corporation

A business entity aimed at generating profit for its shareholders.