In an REA, an entity can be a
A)Business object or event
B)Resource or business object
C)Resource, event, or agent
D)Business object or agent

Question

Quizplus · Accepted Answer

In an REA, an entity can be a resource, event, or agent. A resource is anything that is owned or controlled by a company and has economic value, such as a raw material, inventory, or real estate. An event is a business activity that takes place at a specific time, such as a sales transaction, a purchase order, or a production run. An agent is a person or organization that acts on behalf of a company, such as an employee, a customer, or a supplier. Therefore, choice C is the best option as it includes all three possible entities in an REA.

In an REA, an Entity Can Be a