Question 1

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

Accepted Answer

The rationale behind an economic transac

Question 2

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 3

ER diagrams always label entity names in the singular noun form.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following are characteristics of internal agents?

Accepted Answer

A) They participate in economic events, but do not assume control of the resources. 
B) They are employees of the company whose system is being modeled. 
C) They participate in economic events, but not in support events. 
D) All of the above. 
A) They participate in economic events, but do not assume control of the resources. 
B) They are employees of the company whose system is being modeled. 
C) They participate in economic events, but not in support events. 
D) All of the above.

Question 5

Explain the rule for assigning foreign keys in a (1:M)association?

Accepted Answer

The primary key of t

Question 6

Under the REA approach,support events may directly effect a change in resources.

Accepted Answer

A) True 
 B)False

Question 7

The letters 'R,' 'E,' and 'A' in the term "REA model" stand for resources,events,and actions.

Accepted Answer

A) True 
 B)False

Question 8

Define resources,economic events,and agents.

Accepted Answer

Resources are those things of economic v

Question 9

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

Accepted Answer

The REA approach leads to the developmen

Question 10

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

Accepted Answer

A) two events, one of them economic and 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 
A) two events, one of them economic and 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 11

Which of the following events would be least likely to be modeled in a REA diagram?

Accepted Answer

A) customer inquiries 
B) posting accounts payable 
C) receiving cash 
D) sales to a customer 
A) customer inquiries 
B) posting accounts payable 
C) receiving cash 
D) sales to a customer

Question 12

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 13

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

Accepted Answer

Tables in an M:M association c

Question 14

Define duality.

Accepted Answer

Each economic event in an exch

Question 15

What are the two categories the REA model uses to describe events?

Accepted Answer

economic e

Question 16

Where a 1:M association exists between tables,the primary key of the 1 side is embedded in the table of the M side.

Accepted Answer

A) True 
 B)False

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 the value chain.

Accepted Answer

These are the activi

Question 19

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 
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 20

Explain the relationship between cardinality and association.

Accepted Answer

The upper cardinalities for each of the

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

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

ER diagrams always label entity names in the singular noun form.

Which of the following are characteristics of internal agents?

Explain the rule for assigning foreign keys in a (1:M)association?

Under the REA approach,support events may directly effect a change in resources.

The letters 'R,' 'E,' and 'A' in the term "REA model" stand for resources,events,and actions.

Define resources,economic events,and agents.

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

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

Which of the following events would be least likely to be modeled in a REA diagram?

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).

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

Define duality.

What are the two categories the REA model uses to describe events?

Where a 1:M association exists between tables,the primary key of the 1 side is embedded in the table of the M side.

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

Define the value chain.

In a REA diagram each economic event is always

Explain the relationship between cardinality and association.

The Information System: an Accountants Perspective

Introduction to Transaction Processing

Ethics,fraud,and Internal Control

The Revenue Cycle

The Expenditure Cycle Part I: Purchases and Cash Disbursements Procedures

The Expenditure Cycle Part II: Payroll Processing and Fixed Asset Procedures

The Conversion Cycle

Financial Reporting,and Management Reporting Systems

Database Management Systems

Enterprise Resource Planning Systems

Electronic Commerce Systems

Managing the Systems Development Life Cycle

Auditing It Controls Part I: Sarbanes-Oxley and It Governance

Auditing It Controls Part II: Security and Access

Auditing It Controls Part III: Systems Development, program Changes, and Application Auditing

Filters

Exam 10: The Rea Approach to Business Process Modeling

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

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

ER diagrams always label entity names in the singular noun form.

Which of the following are characteristics of internal agents?

Explain the rule for assigning foreign keys in a (1:M)association?

Under the REA approach,support events may directly effect a change in resources.

The letters 'R,' 'E,' and 'A' in the term "REA model" stand for resources,events,and actions.

Define resources,economic events,and agents.

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

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

Which of the following events would be least likely to be modeled in a REA diagram?

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).

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

Define duality.

What are the two categories the REA model uses to describe events?

Where a 1:M association exists between tables,the primary key of the 1 side is embedded in the table of the M side.

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

Define the value chain.

In a REA diagram each economic event is always

Explain the relationship between cardinality and association.

The Information System: an Accountants Perspective

Introduction to Transaction Processing

Ethics,fraud,and Internal Control

The Revenue Cycle

The Expenditure Cycle Part I: Purchases and Cash Disbursements Procedures

The Expenditure Cycle Part II: Payroll Processing and Fixed Asset Procedures

The Conversion Cycle

Financial Reporting,and Management Reporting Systems

Database Management Systems

Enterprise Resource Planning Systems

Electronic Commerce Systems

Managing the Systems Development Life Cycle

Auditing It Controls Part I: Sarbanes-Oxley and It Governance

Auditing It Controls Part II: Security and Access

Auditing It Controls Part III: Systems Development, program Changes, and Application Auditing

Filters