Approximations and Simplifying Assumptions Generally Are Required to Have a Workable

question 1

True/False

Approximations and simplifying assumptions generally are required to have a workable model.

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Definitions:

Duty

Duty refers to a moral or legal obligation to perform or refrain from performing a certain action.

Virtue

is a moral excellence or commendable trait, such as honesty or kindness, that is valued as a foundation of good moral being.

Ethical Person

An individual who consistently acts with integrity and follows moral principles in their decisions and behaviors.

Organizational Culture

The collective beliefs, values, standards, and habits that dictate the social and psychological atmosphere within a business or organization.