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Simulation Is the Attempt to Duplicate the Features, Appearance, and Characteristics

question 8

True/False

Simulation is the attempt to duplicate the features, appearance, and characteristics of a real system, usually by means of a computerized model.


Definitions:

Annually

Occurring once every year or relating to a period of one year.

Significant Influence

The power to participate in the financial and operating policy decisions of an investee but not control those policies.

Consolidated Financial Statements

Financial statements that aggregate the financial information of a parent company and its subsidiaries as if they were a single entity.

Parent

A term used to refer to a company that owns more than half of another company, making the latter a subsidiary.

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