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One Major Distinction Between the CPS Management Component and the Three

question 8

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One major distinction between the CPS management component and the three process components is:


Definitions:

Complexity Of Reality

The notion that real-world situations are intricate due to interconnections and interdependencies among various elements and variables.

Simplifications

The process of making something easier to understand or do by reducing its complexity.

Trade-Offs

Decisions made that involve a sacrifice of one thing to obtain another, often used in discussions of economic and personal choices.

Opportunity Cost

This represents the value of the best alternative foregone when a decision to pursue a certain action is made.

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