Data must be collected about three facets of each business activity.What are they?
A)the business activity,the resources it affects,the people who participate
B)the business activity,the transactions it creates,the impact on the financial statements
C)the inputs,outputs and processes used
D)who is involved,what was sold,how much was paid

Question

Quizplus · Accepted Answer

The three facets of each business activity that must be collected are the business activity itself, the resources it affects, and the people who participate in it. This provides a comprehensive view of the activity's context, impact, and participants.

Data Must Be Collected About Three Facets of Each Business