To manage the complexity of the system we need to apply the-01972

Online Quiz This subjective question is related to the book/course vu mgt411 Money & Banking. It can also be found in vu mgt411 Mid Term Solved Past Paper No. 5.

Question 1: To manage the complexity of the system we need to apply the principle of abstraction. Discuss briefly?
Answer:
An abstraction is a technique in which we construct a model of an entity based upon its essential characteristics and ignore the inessential details. The principle of abstraction also helps us in handling the inherent complexity of a system by allowing us to look at its important external characteristic, at the same time, hiding its inner complexity. Hiding the internal details is called encapsulation. (Page 79)

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