What Is a Simplified Representation or Abstraction of Reality

question 3

Multiple Choice

What is a simplified representation or abstraction of reality?

• A) Model
• B) Metric
• C) Redundancy
• D) Sensitivity Analysis

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Definitions:

Resale Value

The estimated amount that an asset or item is expected to sell for at some point in the future.

Equipment

Tools, machinery, or other durable items necessary for the completion of a task or the operation of a business.

Resale Value

The estimated market value of an asset if sold again in the future.

Office Furniture

Desks, chairs, tables, cabinets, and other furnishings used in an office setting to facilitate work and storage.