The Value Reference Model Depicts the Value Chain at ________

question 56

Multiple Choice

The value reference model depicts the value chain at ________ levels of abstraction.

• A) one
• B) two
• C) three
• D) four

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Definitions:

Revenue Account

An account that tracks the income generated from normal business operations, such as sales of goods or services.

Credited

A bookkeeping record that augments liabilities or equity, or diminishes an asset or expense.

Assets

Assets are resources owned by a business or individual that have economic value and can be converted into cash or provide future benefits.