The Four Main Components of a Systems Model Are

question 10

Multiple Choice

The four main components of a systems model are:

• A) target elements of change,unfreezing,refreezing,and evaluating.
• B) planning,initiating,controlling,and evaluating.
• C) strategic plans,organizing,intervening,and controlling.
• D) planning,intervening,outputs,and feedback.
• E) inputs,strategic plans,target elements of change,and outputs.

Differentiate between various types of payments and financial activities within a business.

Understand the components that make up a balance sheet or statement of financial position.

Calculate and interpret net income.

Calculate and interpret return on assets.

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Definitions:

Action

The process of doing something with the intent to achieve an aim or handle a problem, often requiring decision-making and execution.

Predictive

Pertaining to the use of statistical analysis and modeling to make forecasts or predictions about future events.

Simulation

A method for implementing a model over time to analyze and record the consequences of sequential interactions.

Predictive Analytics

The set of analytical techniques that use models constructed from past data to predict the future or assess the impact of one variable on another.