Final answer:
A model is an abstract representation that helps us understand complex systems. Model records refer to specific versions or configurations of an asset, providing detailed information.
Step-by-step explanation:
A model is a purposeful abstract representation of some aspect of a design. It is a way of simplifying complex systems and understanding their properties. In the context of the given question, model records can refer to specific versions or various configurations of an asset. These records provide detailed information about the asset, such as its specifications, features, and functionality.