In the REA Framework, Relationships Among Entities Can Be Which

question 58

Multiple Choice

In the REA framework, relationships among entities can be which of the following?

• A) One-to-one
• B) One-to-many (many-to-one)
• C) Many-to-many
• D) All of the above

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Definitions:

Legally Exchanged

Refers to the process of trading goods, services, or financial instruments in accordance with laws and regulations.

Quota Rent

The earnings that accrue to license holders in a system where import quantity is limited by quotas; it represents the difference between domestic prices and world prices due to restricted supply.

Government Imposes

The act of the government enacting regulations, taxes, restrictions, or laws that directly affect business practices, individual behavior, or market operations.

Shrimp Market

A specialized market segment dealing with the buying and selling of shrimp for consumption.