Something that has economic value but has no physical substance and is consumed by an enterprise's operations is a resource in the REA ontology.

Name: Something that has economic value but has no physical substance and is consumed by an enterprise's operations is a resource in the REA ontology.
Brand: Quizplus
Rating: 4.8 (31 reviews)

Question

Quizplus · Accepted Answer

In the REA ontology, resources are defined as things of economic value to an enterprise, which can include intangible assets that are consumed in operations.

Something That Has Economic Value but Has No Physical Substance