Explain the three main types of classes in data modeling.

What will be an ideal response?


Resources (R), events (E), and agents (A)
oResources are those things that have economic value to a firm, 
?such as cash and products.
oEvents are the various business activities conducted in 
?a firm's daily operations, such as sales and purchases.
oAgents are the people who participate in business events, 
?such as customers and salespeople.

Business

You might also like to view...

High awareness among the target audience is only a necessary but not a sufficient condition for high equity

Indicate whether the statement is true or false

Business

A product-management organization ________

A) often proves to be cost-effective B) simplifies the process of developing a national strategy C) focuses on building market share rather than customer relationships D) reduces an organization's staffing requirements E) allows product managers to achieve functional expertise

Business

The following facts pertain to Alameda Corporation for 20x5: Retained Earnings balance, January 1, 20x5 $500,000 Cash dividends declared and paid in 20x5 82,500 Retained Earnings balance (after closing), December 31, 20x5 650,000 Net income for 20x5 ? Based on the above facts, net income for 20x5 for Alameda Corporation amounted to

A) $207,500. B) $182,500. C) $232,500. D) $257,500.

Business

______ involve(s) ensuring the privacy of organizational records.

A. Data integrity policies B. Managerial accounting C. Accountability and regulatory compliance policies D. The Uniform Management of Institutional Funds Act

Business