Using the REA data model,promises to engage in future economic exchanges are called
A)commitments.
B)economic exchanges.
C)resources.
D)agents.

Question

Quizplus · Accepted Answer

According to the REA data model, promises to engage in future economic exchanges are called commitments. This is a key concept in the model, which focuses on the relationships between resources, events, and agents, and how they relate to economic exchanges. By capturing commitments as a separate entity, the model can better represent the manner in which economic exchanges are initiated, planned, and executed.

Using the REA Data Model,promises to Engage in Future Economic