In an REA Relational Database,traditional Ledger Information Is Obtained by Querying

question 13

Multiple Choice

In an REA relational database,traditional ledger information is obtained by querying

• A)Agents
• B)Events
• C)Resource
• D)All of the above

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Definitions:

Opportunity Cost

The foregone benefit that could have been enjoyed if an alternative choice had been made.

Factors Of Production

The resources used in the production process, including land, labor, capital, and entrepreneurship.

Available Technology

The current state of technological advances and machinery available to businesses for production purposes.