Question 1

What are the minimum number and type of event entities that an REA diagram must include?

Accepted Answer

An REA model must,as a minimum,include t...

Question 2

What are the four basic forms of cardinality?

Accepted Answer

The four basic forms of cardin...

Question 3

Which of the following tables would most likely have a composite key?

Accepted Answer

A)   Take Order.
B)   Cash
C)   Ship Product
D)   Inventory Ship Link

Question 4

Define view integration?

Accepted Answer

It is the process of combining...

Question 5

How does the REA approach improve efficiency?

Accepted Answer

The REA approach can help improve operat...

Question 6

Discuss how adopting a value chain perspective reveals advantages of adopting an REA approach to information system development.

Accepted Answer

Decision-makers need to look at far more...

Question 7

Explain how events,resources and agents are linked in a REA diagram.

Accepted Answer

Each event must be linked to at least on...

Question 8

Which of the following is true?

Accepted Answer

A)   REA diagram entities are arranged in constellations by entity class.
B)   ER diagrams present a static picture of the underlying business phenomena
C)   Events entity names in REA diagrams are in the verb form
D)   All of the above are true statements

Question 9

The concept of duality means that a REA diagram must consist of:

Accepted Answer

A)   two events, one of them economic the other support
B)   two agents, one of them internal and the other external
C)   two resources, one increased and the other decreased by the same event
D)   none of the above

Question 10

What is the REA model? What does it mean for accountants?

Accepted Answer

The REA model is an alternative accounti...

Question 11

Which of the following is NOT an example of an economic event?

Accepted Answer

A)   Ship goods
B)   Receive goods
C)   Get employee time
D)   Prepare cash disbursements voucher

Question 12

Explain how a sales invoice table can be used to replace traditional accounting records.

Accepted Answer

The sales invoice table may be used to r...

Question 13

Why would a company adopt the REA approach to database design?

Accepted Answer

The REA approach leads to the developmen...

Question 14

Explain how a Disbursement Voucher table can be used to replace traditional accounting records.

Accepted Answer

The Disbursement Voucher table provides ...

Question 15

Many believe that the accounting profession should shift away from financial statement reporting toward providing information that assists decision-making.

Accepted Answer

A) True 
 B)False

Question 16

Support events include control,planning,and management activities that directly affect a change in resources.

Accepted Answer

A) True 
 B)False

Question 17

List and explain the steps involved in preparing an REA model of a business process.

Accepted Answer

The preparation of an REA model of a bus...

Question 18

REA resources are those things of economic value under the control of the enterprise including physical assets and employees.

Accepted Answer

A) True 
 B)False

Question 19

An example of an economic event is checking customer credit prior to processing a sale.

Accepted Answer

A) True 
 B)False

Question 20

What do the letters 'R,' 'E,' and 'A' stand for in the term "REA model"?

Accepted Answer

resources,...

Exam 10: The REA Approach to Business Process Modeling

What do the letters 'R,' 'E,' and 'A' stand for in the term "REA model"?

Correct Answerverifiedresources,...View AnswerShow Answer

Why would a company adopt the REA approach to database design?

Correct AnswerverifiedThe REA approach leads to the developmen...View AnswerShow Answer

Discuss how adopting a value chain perspective reveals advantages of adopting an REA approach to information system development.

Correct AnswerverifiedDecision-makers need to look at far more...View AnswerShow Answer

An example of an economic event is checking customer credit prior to processing a sale.

Correct AnswerverifiedShow Answer

Explain how a Disbursement Voucher table can be used to replace traditional accounting records.

Correct AnswerverifiedThe Disbursement Voucher table provides ...View AnswerShow Answer

Which of the following tables would most likely have a composite key?

Correct AnswerverifiedShow Answer

How does the REA approach improve efficiency?

Correct AnswerverifiedThe REA approach can help improve operat...View AnswerShow Answer

Explain how events,resources and agents are linked in a REA diagram.

Correct AnswerverifiedEach event must be linked to at least on...View AnswerShow Answer

REA resources are those things of economic value under the control of the enterprise including physical assets and employees.

Correct AnswerverifiedShow Answer

What are the four basic forms of cardinality?

Correct AnswerverifiedThe four basic forms of cardin...View AnswerShow Answer

What is the REA model? What does it mean for accountants?

Correct AnswerverifiedThe REA model is an alternative accounti...View AnswerShow Answer

List and explain the steps involved in preparing an REA model of a business process.

Correct AnswerverifiedThe preparation of an REA model of a bus...View AnswerShow Answer

Support events include control,planning,and management activities that directly affect a change in resources.

Correct AnswerverifiedShow Answer

The concept of duality means that a REA diagram must consist of:

Correct AnswerverifiedShow Answer

What are the minimum number and type of event entities that an REA diagram must include?

Correct AnswerverifiedAn REA model must,as a minimum,include t...View AnswerShow Answer

Which of the following is true?

Correct AnswerverifiedShow Answer

Which of the following is NOT an example of an economic event?

Correct AnswerverifiedShow Answer

Explain how a sales invoice table can be used to replace traditional accounting records.

Correct AnswerverifiedThe sales invoice table may be used to r...View AnswerShow Answer

Many believe that the accounting profession should shift away from financial statement reporting toward providing information that assists decision-making.

Correct AnswerverifiedShow Answer

Define view integration?

Correct AnswerverifiedIt is the process of combining...View AnswerShow Answer

Correct Answer
verified
resources,...
View Answer

Correct Answer
verified
The REA approach leads to the developmen...
View Answer

Correct Answer
verified
Decision-makers need to look at far more...
View Answer

Correct Answer
verified

Correct Answer
verified
The Disbursement Voucher table provides ...
View Answer

Correct Answer
verified

Correct Answer
verified
The REA approach can help improve operat...
View Answer

Correct Answer
verified
Each event must be linked to at least on...
View Answer

Correct Answer
verified

Correct Answer
verified
The four basic forms of cardin...
View Answer

Correct Answer
verified
The REA model is an alternative accounti...
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Correct Answer
verified
The preparation of an REA model of a bus...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
An REA model must,as a minimum,include t...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
The sales invoice table may be used to r...
View Answer

Correct Answer
verified

Correct Answer
verified
It is the process of combining...
View Answer