____________________ Is the Process of Creating an Improved Model for an Existing

question 39

Short Answer

____________________ is the process of creating an improved model for an existing system.

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Definitions:

Firm's Exposure

The extent to which a company is susceptible to various risks, including market, operational, and financial risks, affecting its performance.

Financial Risk

The possibility of losing money on an investment or business venture, including the risk of not achieving expected financial returns.

Uncertain Prices

Refers to the variability and unpredictability in the prices of goods, services, or securities, which can be influenced by various factors including market demand, inflation, and economic policies.