In an Expenditure Cycle Diagram,which of the Following Is an Example

question 56

Multiple Choice

In an expenditure cycle diagram,which of the following is an example of an event that larger organizations might want to include in their extended REA model?

• A)Request.
• B)Order.
• C)Ship Order.
• D)Fill Order.

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Definitions:

Electronic Checks

Electronic checks, or e-checks, are a form of digital payment where money is electronically withdrawn from the payer's checking account, transferred over the ACH network, and deposited into the payee's account.

B2B

Business-to-Business, describing transactions or relationships between two companies, as opposed to between a company and individual consumers.

B2C

Business to Consumer, a sales model in which businesses sell products or services directly to consumers.

C2C

Consumer to Consumer, a business model that facilitates transactions between individuals, typically through an online platform.