In the REA ontology, events are activities within an enterprise that need to be planned, controlled, executed, and evaluated.

Name: In the REA ontology, events are activities within an enterprise that need to be planned, controlled, executed, and evaluated.
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The REA ontology defines events as economic phenomena that occur within an enterprise, which require planning, control, execution, and evaluation to manage resources and ensure accountability.

In the REA Ontology, Events Are Activities Within an Enterprise