Identify the item below that would be classified as an agent by the REA data model.
A)An IOU from a customer.
B)The customer.
C)A customer sale.
D)A loan from a vendor.

Question

Quizplus · Accepted Answer

In the REA data model, an agent is any person, organization, or system that participates in economic events and can have the ability to make economic decisions. The customer is an example of an agent in this context. The IOU from a customer and the loan from a vendor are examples of assets, and a customer sale is an example of an economic event.

Identify the Item Below That Would Be Classified as an Agent