The goal of simulation model is to provide insight and practical recommendations.Specifically, the analysis of the results can help to:
a. Identify the best scenario among several hypothetical scenarios.
b. Identify what will happen under various scenarios.
c. Determine the real-world outcome of the simulated system.
d. All of the above
A
You might also like to view...
Fashion Barn Company, a retailer, accepts payment through credit cards. During August, credit card sales amounted to $12,000. The processor charges a 3% fee. Assume that the processor deposits the net amount. Prepare the journal entry for credit card sales. (Ignore cost of goods sold.) Omit explanation.
What will be an ideal response?
The executive branch of the Securities and Exchange Commission:
A. controls securities transactions by creating and passing regulations. B. decides whether a person has violated the securities statutes or not. C. promulgates rules and regulations. D. brings enforcement actions against alleged violators of the statutes.
The United States falls high on Assertiveness and high on Performance Orientation. How does this affect one’s employment in the U.S. workforce?
What will be an ideal response?
To ensure the primary data they collected about consumer reactions to their product were accurate, the makers of Classic Toiletries hired a single research firm to visit certain cities in various countries. In the past, the company had used mail and telephone surveys by local companies in each country to gather data, but it was concerned about whom these companies were surveying and if they actually fit the demographic and lifestyle profiles of Classic's target market. Classic hired a new research firm to overcome the problem of ________ that can occur when collecting primary data in global markets.
A. inaccurate language translation B. unreliable sampling procedures C. limited access D. insufficient comprehension E. unwillingness to respond