Simulations Are Operating Models of Physical or Social Events Designed

question 29

True/False

Simulations are operating models of physical or social events designed to represent real situations.

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Definitions:

Protestant Ethic

Is the 16th- and 17th-century Protestant belief that religious doubts can be reduced, and a state of grace assured, if people work diligently and live ascetically.

Capitalist Development

The growth of economies characterized by private or corporate ownership of capital goods, investments, and the creation of goods or services for profit.

Protestant Work Ethic

A value system emphasizing hard work, diligence, and efficiency as a means to improve one's economic status and spiritual salvation.

Capitalist Development

The process by which economies transition and grow through the principles of capitalism, including private ownership, competitive markets, and the pursuit of profit.