The Process of Ensuring That the Simulation Model Provides an Accurate

question 18

Multiple Choice

The process of ensuring that the simulation model provides an accurate representation of a real system is called​

• A)​risk analysis
• B)​verification
• C)​validation
• D)​static modeling

---

Definitions:

Bankruptcy Legislation

Laws and regulations governing the process of bankruptcy, providing a legal framework for dealing with debt unable to be paid by an individual or entity.

Preference

A prioritization or favoring of certain options, creditors, or interests over others, often relevant in legal and financial contexts.

General Contractor

A primary contractor responsible for overseeing a construction project, managing subcontractors, and ensuring the work is completed as specified in the contract.

Trustee In Bankruptcy

The licensed professional appointed to administer the estate of a bankrupt for the benefit of the creditors.