What is a simplified representation or abstraction of reality?

The provision for a loss on an unprofitable contract may be combined with the Construction in Process account balance under percentage-of-completion but not completed-contract.

a. true b. false

AirNetwork, a telecommunications company, sponsors a rock concert by a famous band in order to further its brand visibility. This is an example of a(n) ________

A) event marketing program B) premium C) point-of-purchase promotion D) trade promotion E) price pack