What is a simplified representation or abstraction of reality?

A. Model
B. Metric
C. Redundancy
D. Sensitivity Analysis


Answer: A. Model

Business

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Accounts payable are:

A. Always payable within 30 days. B. Estimated liabilities. C. Amounts owed to suppliers for products and/or services purchased on credit. D. Amounts received in advance from customers for future services. E. Not usually due on specific dates.

Business

Which of the following is NOT true of a process chart?

a. It shows inputs and outputs in a process. b. It shows decision points such as approvals and exceptions. c. It shows any cross-functional relationships. d. It shows costs and points of indifference.

Business

Server Solutions paid $209,000 to acquire Tabletz, Inc, an electronic gadget-advertising website

At the time of the acquisition, Tabletz's balance sheet reported total assets of $209,000 and liabilities of $104,500. The fair market value of Tabletz's assets was $209,000. The fair market value of its liabilities was $104,500. How much goodwill did Server Solutions purchase as part of the acquisition of Tabletz? A) $209,000 B) $52,250 C) $104,500 D) $156,750

Business

Even in the case of complete encryption there is no protection of confidentiality because any observer can decrypt the message by using the sender's public key.

Indicate whether the statement is true or false.

Business