Chapter 2

Question 1

Token

Answer 1

An individual instance of something

Question 2

Type

Answer 2

A category of instances that have something in common with each other

Question 3

Pattern

Answer 3

An arrangement of repeated or recognizably consistent objects or actions

Question 4

Object Pattern

Answer 4

A commonly observed constellation of things and relationships between those things

Question 5

Script Pattern

Answer 5

A sequence of events that typically occur in combination with each other

Question 6

Value System Level REA Model

Answer 6

Focuses on the resources that are exchanged between the enterprise and its various external business partners

Question 7

External Business Partners

Answer 7

People or organizations with which an enterprise trades resources, such as suppliers, customers, creditors, investors, and employees. External business partners are sometimes called external agents.

Question 8

Value Chain Level REA Model

Answer 8

Focuses on the resource flows between interconnected business processes and on the economic events that accomplish the resource flows

Question 9

Business Process Level REA Model

Answer 9

Focuses on one or more transaction cycles in an enterprise’s value chain, expanding the representation to include various types of resources, events, agents, and relationships among them.

Question 10

Task Level REA Model

Answer 10

Focuses on workflow - the individual steps involved in accomplishing events in an enterprise.

Question 11

Which of the following is true about script patterns?

Answer 11

Script patterns are sequence of events that occur in combination with each other.

Question 12

Which of the following is NOT an example of a resource in the REA ontology?

Answer 12

Customers

Question 13

Which of the following models focuses primarily on the resource exchanges between the enterprise and its various external business partners such as suppliers, customers, creditors/investors, and employees?

Answer 13

Value system level REA model

Question 14

Which of the following models focuses on the individual workflow steps involved in accomplishing events in an enterprise?

Answer 14

Task level REA model

Question 15

In database design, individual objects are sometimes referred to as ____, and categories of objects are known as ____.

Answer 15

Symbols, tokens

Question 16

For which level of the REA ontology has a specific pattern not yet been discovered?

Answer 16

Task level

Question 17

The external partners to whom cash is the primary resource typically given in a traditional manufacturer’s value system level REA model include all of the following except…

Answer 17

Customers

Question 18

Which of the following is NOT included in a typical Value Chain Level REA model?

Answer 18

Consumption process

Question 19

In the REA Ontology, agents can be…

Answer 19

Individuals, departments, organizations, divisions

Question 20

Regardless of the type of goods or services provided, each organization typically includes these three business processes/transaction cycles:

Answer 20

Inputs, outputs, and returns

Question 21

The causal relationship between a give event and a take event is a ___ and ___ is defined as the inflow or outflow of a resource

Answer 21

Duality association; stockflow

Question 22

Which of the following are economic increment events?

Answer 22

Production runs

Question 23

Resource flow connections between the internal business processes (transaction cycles) of an enterprise are most commonly illustrated in:

Answer 23

REA Value chain models