In Your Own Words, Explain the Steps Used to Create

question 65

Essay

In your own words, explain the steps used to create a REA model.

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Definitions:

Negotiations

The process of discussing and coming to an agreement between parties with differing interests.

Benefits

Advantages or gains, often associated with employment or business dealings, that improve the condition or situation of an individual or entity.

Nonfinancial Forms

Types of benefits or compensation that are not in the form of money, such as healthcare, retirement plans, or company-provided housing.