The REA Accounting Framework Is Most Closely Associated with Which

question 27

Multiple Choice

The REA accounting framework is most closely associated with which of the following?

• A)SQL
• B)An enterprise-wide view of accounting processes
• C)Normalization of accounting data for recording and query purposes
• D)An example of a data manipulation language

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Definitions:

Corporate Angels

Wealthy companies that invest in small startups or entrepreneurs, often for strategic purposes as well as financial return.

Venture

An undertaking that is risky or daring but may lead to profit or success in a business context.

Rate of Return

The gain or loss of an investment over a specified period, expressed as a percentage of the investment’s cost.

Business Executives

Individuals who hold senior managerial positions within a company, responsible for strategic decision-making and leading the organization.