Using an REA database design, which of the below is false with ...

[RRMR]

Question 1

In an expenditure cycle diagram, which of the following is an example of an event that larger organizations might want to include in their extended REA model?
◦ Request.
◦ Order.
◦ Ship Order.
◦ Fill Order.

Question 2

Using an REA database design, which of the below is false with regards to cost data?
◦ Cost information is stored in several tables.
◦ Standard cost is stored as an attribute of the Inventory table because it is the same for all units of a given inventory item for a fiscal year.
◦ In contrast, the actual cost of inventory is stored in a relationship table because prices can vary over time.
◦ Actual cost can be stored as an attribute of the Inventory table for organizations that value inventory based on the most recent amount paid.

[dantucker]

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[RRMR]

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[dantucker]

Always glad to help...