Which of the Following Is a Common Form of a Model

question 66

Multiple Choice

Which of the following is a common form of a model discussed in the text?

• A)verbal model
• B)graphical model
• C)mathematical model
• D)technological model
• E)causal model

---

Definitions:

Resources Owned

Assets or possessions that are held by an individual, an organization, or a country.

Proprietorship

A business owned and operated by a single person, making it the simplest form of business ownership.

Business Owned

Refers to entities such as companies or enterprises that are possessed and controlled by one or more persons or other businesses.

Economic Entity Assumption

An accounting principle that treats a business as separate from its owners, allowing for independent financial statements.