Question 1
Which of the below statements is
false with respect to REA diagrams for individual transaction cycles?
◦ They depict basic give-to-get economic duality relationships.
◦ They usually provide only a partial view of resources.
◦ They need to be combined in order to provide a comprehensive enterprise-wide data model.
◦ They show both how resources are acquired and how they are used.
Question 2
Which of the statements below is
false with respect to enterprise-wide REA diagrams?
◦ Merging two or more REA diagrams that contain the same resource entity does not require any changes to the cardinality pairs in the individual diagrams.
◦ Merging two or more diagrams that contain a common event entity, however, often requires changing the minimum cardinalities associated with the other events to 0, to reflect the fact that the merged event may be connected to any one of several different events, but not to all of them simultaneously.
◦ The minimum cardinalities associated with agents may also have to be changed to 0.
◦ All of these are true.
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