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________ Models Are the Programs That Create the Simulations

question 21

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________ models are the programs that create the simulations.


Definitions:

Actual Authority

The power granted to an agent by a principal to legally bind the principal in transactions with third parties.

Principals

The parties who are directly involved and have the major interests in a legal transaction or agreement.

Contractual Relationship

An agreement between entities, enforced by law, that outlines obligations and benefits for each party.

Personal Services

Services offered by individuals or companies that provide personalized expertise or efforts, often involving intellectual or manual personal skills.

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