What does an entity in the REA framework consist of?
A) Resource, agent, and organization
B) Resource, organization, and event
C) Event, agent, and organization
D) Resource, agent, and event

Question

Quizplus · Accepted Answer

According to the REA framework, an entity consists of three components: resource, event, and agent. Therefore, the correct option is D, which includes all three components (resource, agent, and event). Option A only includes resource, agent, and organization, leaving out the event component. Option B includes resource, organization, and event, but is missing the agent component. Option C includes event, agent, and organization, but not the resource component.

What Does an Entity in the REA Framework Consist Of