In REA modeling, a resource
A)Is a person or organization involved in events
B)Has economic value to the enterprise
C)Is a transaction
D)A business rule

Question

Quizplus · Accepted Answer

In REA modeling, a resource is defined as anything that has economic value to the enterprise, including tangible assets like inventory and equipment, as well as intangible assets like customer relationships and patents. Resources are classified as economic objects in the model and are linked to events and agents through relationships. Options A and C are incorrect as they describe agents and events respectively, which are separate components in REA modeling. Option D is incorrect as a business rule is a constraint or requirement that specifies how the organization operates, but it is not a component in the REA model itself.

In REA Modeling, a Resource