Answer the following statement(s) true (T) or false (F)
1. The following relationship is valid for any waiting line system: the average number in the waiting line is equal to the total waiting time divided by the total time of simulation.
2. Varying the values of controllable inputs enables simulation models to identify good operating policies and decisions.
3. Using simulation to perform risk analysis is like playing out many what-if scenarios by randomly generating values for the probabilistic inputs.
4. All values of the computer-generated random numbers are equally likely and are uniformly distributed over the interval from 0 to 1.
5. Computer-generated random numbers are not technically random, because they are generated through the use of mathematical formulas.
1. True
2. True
3. True
4. True
5. True
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Between 2015 and 2016, the dollar
Answer the next question on the basis of the table below, which shows the exchange rate between various currencies and the U.S. dollar. December 2015 Exchange Rate December 2016 Exchange Rate Currency (dollars per unit of foreign currency) (dollars per unit of foreign currency) Mexican peso $0.07 $0.09 Swiss franc $1.10 $1.05 Japanese yen $0.010 $0.012 British pound $1.64 $1.58 a. depreciated against the franc; depreciated against the pound. b. appreciated against the franc; appreciated against the yen. c. depreciated against the peso; appreciated against the pound. d. depreciated against the peso; appreciated against the yen.
Answer the following statements true (T) or false (F)
1. A flexible budget is prepared to represent various levels of sales volume. 2. A master budget is a financial plan for a specific segment of an organization. 3. Budgeted financial statements are financial statements based on budgeted amounts rather than actual amounts. 4. Components of the master budget are the operating budget, the capital expenditures budget, and the financial budget. 5. The production budget is the first component of the operating budget.
Comparative financial statements are reports that show financial amounts in side by side columns on a single statement for analysis purposes.
Answer the following statement true (T) or false (F)
Public opinion is the aggregate of many individual opinions on a particular issue that affects a group of people
Indicate whether the statement is true or false