Which of the following statements is true about the development of an REA model?
A)Events that pertain to the entry of data are included in the REA model.
B)The objective is to model basic value-chain activities.
C)REA diagrams model individual transactions and data collections.
D)Information retrieval events are modeled as events in the REA model.

Question

Quizplus · Accepted Answer

The main objective of the REA (resources, events, agents) model is to model basic value-chain activities. It is not focused on data entry events or information retrieval events. The REA diagram models the flow of resources, the events that impact those resources, and the agents involved in those events.

Which of the Following Statements Is True About the Development