Which of the Following Statements About REA Modeling and REA

question 40

Multiple Choice

Which of the following statements about REA modeling and REA diagrams is false?

• A)REA is an acronym for Resources,Entities,and Agents.
• B)REA data modeling does not include traditional accounting elements such as ledgers,chart of accounts,debits and credits.
• C)REA data modeling could be referred to as an events-based model.
• D)REA diagrams must include at least two activities,which together represent a give-get economic exchange.

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Definitions:

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A financial product or policy designed to support workers financially in the event of a strike, offering compensation for lost wages.

Company Executives

Individuals in senior management positions within a company who are responsible for decision-making and strategic planning.

African American Workers

Individuals of African descent employed across various sectors in the United States, historically facing labor discrimination and disparities.

Affirmative Action Policies

Measures taken in employment, education, and other areas to increase the representation of minorities and women, intended to address past injustices.