A Model Can Be Accurately Described as a

question 84

Multiple Choice

A model can be accurately described as a

• A)theoretical abstraction with very little value.
• B)device that is useful only to the people who created it.
• C)realistic and carefully constructed theory.
• D)simplification of reality.

---

Definitions:

Bankruptcy Code

The set of laws codified under Title 11 of the United States Code that governs bankruptcy proceedings in the United States.

Social Security

A government program designed to provide financial assistance to individuals during retirement, disability, or other situations leading to a loss of income.

Security Interest

A legal claim or lien on collateral that has been pledged, usually to secure a debt or obligation, giving the lender rights to the property if the borrower defaults.

Secured Creditor

A creditor who has the benefit of a security interest in an asset of the debtor, giving them a right to take possession of the secured property if the debtor fails to repay the debt.