_______ Is the Act of Duplicating the Operation of a Real-World

question 47

Multiple Choice

_______ is the act of duplicating the operation of a real-world process or system over time.

• A)Duplication
• B)Simulation
• C)Programming
• D)Modeling

Identify the most widespread and influential type of formal organization.

Recognize the role of reference groups in shaping individual behavior.

Understand how the structure and size of organizations impact efficiency and employee satisfaction.

Explore strategies for increasing organizational efficiency and employee morale.

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Definitions:

Maximum Liability

The highest amount for which a party can be held financially responsible under a contract or legal agreement.

Credit Card Theft

The unauthorized use, theft, or misappropriation of someone's credit card information for the purpose of making unauthorized purchases or transactions.

Equal Credit Opportunity Act

A U.S. federal law that prohibits discrimination in granting credit to consumers based on race, color, religion, national origin, sex, marital status, age, or because they receive public assistance.

Creditors

Individuals or institutions that lend money or extend credit and are owed money by debtors.