Question 1

Define duality.

Accepted Answer

Each economic event in an exch...

Question 2

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

Accepted Answer

A) True 
 B)False

Question 3

Discuss the concept of duality as it relates modeling an economic transaction.

Accepted Answer

The rationale behind an economic transac...

Question 4

Define view integration?

Accepted Answer

It is the process of combining...

Question 5

Which of the following statement is correct?

Accepted Answer

A)   The REA model requires that phenomena be characterized in a manner consistent with the development of a single user view.
B)   The REA model requires that phenomena be characterized in a manner consistent with the development of a selected user view.
C)   The REA model requires that phenomena be characterized in a manner consistent with the development of a unique user view.
D)   The REA model requires that phenomena be characterized in a manner consistent with the development of a multiple user view.

Question 6

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

Accepted Answer

resources,...

Question 7

The 'A' in REA stands for

Accepted Answer

A)   assets
B)   apportionment
C)   allocation
D)   agents

Question 8

Four basic forms of cardinality are possible: zero or one (0,1),one and only one (1,1),one or many (1,M),and many and only many (M,M).

Accepted Answer

A) True 
 B)False

Question 9

When developing an REA model:

Accepted Answer

A)   Accounting artifacts are represented as support events
B)   The same resource is both increased and decreased by the duality association
C)   Link tables are explicitly depicted
D)   events are organized in sequence of occurrence

Question 10

Define association.

Accepted Answer

Association is the nature of t...

Question 11

Which statement is NOT true? REA resources are:

Accepted Answer

A)   assets
B)   affected by support events
C)   scarce
D)   under the control of agents

Question 12

In a REA diagram each economic event is always

Accepted Answer

A)   linked to at least two resource entities
B)   linked to two external agents
C)   linked to another economic event
D)   linked to two internal agents

Question 13

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 14

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

Accepted Answer

The REA model is an alternative accounti...

Question 15

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

Accepted Answer

The Disbursement Voucher table provides ...

Question 16

How are tables in a (M:M)association physically linked?

Accepted Answer

Tables in an M:M association c...

Question 17

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 18

Define resources,economic events,and agents.

Accepted Answer

Resources are those things of economic v...

Question 19

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

Accepted Answer

The REA approach leads to the developmen...

Question 20

What are the four basic forms of cardinality?

Accepted Answer

The four basic forms of cardin...

Exam 10: The Rea Approach to Business Process Modeling

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

Correct AnswerverifiedShow Answer

Define view integration?

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

Define association.

Correct AnswerverifiedAssociation is the nature of t...View AnswerShow Answer

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

Correct Answerverifiedresources,...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

How are tables in a (M:M)association physically linked?

Correct AnswerverifiedTables in an M:M association c...View AnswerShow Answer

Define resources,economic events,and agents.

Correct AnswerverifiedResources are those things of economic v...View AnswerShow Answer

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

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

Four basic forms of cardinality are possible: zero or one (0,1),one and only one (1,1),one or many (1,M),and many and only many (M,M).

Correct AnswerverifiedShow Answer

Which statement is NOT true? REA resources are:

Correct AnswerverifiedShow Answer

The 'A' in REA stands for

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

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

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

When developing an REA model:

Correct AnswerverifiedShow Answer

In a REA diagram each economic event is always

Correct AnswerverifiedShow Answer

Which of the following statement is correct?

Correct AnswerverifiedShow Answer

Discuss the concept of duality as it relates modeling an economic transaction.

Correct AnswerverifiedThe rationale behind an economic transac...View AnswerShow Answer

What are the four basic forms of cardinality?

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

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

Correct AnswerverifiedShow Answer

Define duality.

Correct AnswerverifiedEach economic event in an exch...View AnswerShow Answer

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

Correct Answer
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Association is the nature of t...
View Answer

Correct Answer
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resources,...
View Answer

Correct Answer
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The REA model is an alternative accounti...
View Answer

Correct Answer
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Tables in an M:M association c...
View Answer

Correct Answer
verified
Resources are those things of economic v...
View Answer

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

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

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

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

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
The rationale behind an economic transac...
View Answer

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

Correct Answer
verified

Correct Answer
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Each economic event in an exch...
View Answer