Q26
___________ are the representation of reality.
A.
Models
AnswerB.
Phases
C.
Both A and B
D.
None of the above
Answer: Option A
Solution
Answer: Option A
Solution:
Models are the representation of reality. A Business Model is a representation of the reality (of a set of business activities) where the modelling exercise is to faithfully abstract the core activities into a model which is an abbreviated but accurate representation of the reality.