A(n) ________ Is an Abstraction of Reality, a Simplified Representation

question 98

Multiple Choice

A(n) ________ is an abstraction of reality, a simplified representation of some real-world phenomenon.

• A) model
• B) input
• C) process
• D) outcome
• E) objective

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Definitions:

Publicly Held

Describes a company whose shares are traded openly on stock exchanges and can be purchased by the general public.

Securities Act

A U.S. law enacted in 1933 that requires the disclosure of significant financial information by companies offering securities (stocks, bonds) for public sale.

Exempt

To be free or released from an obligation, rule, or requirement typically imposed on others.

Securities Exchange Act

A U.S. federal law enacted in 1934 that governs the trading of securities, such as stocks and bonds, to protect investors and maintain fair and orderly markets.