When events occur at discrete points in time
a. a simulation clock is required.
b. the simulation advances to the next event.
c. the model is a discrete-event simulation.
d. All of the alternatives are correct.
d
You might also like to view...
Relative to qualitative performance measures, quantitative performance measures are less:
a. effective in the pursuit of organizational goals. b. dependent on accounting information. c. subjective. d. subject to manipulation.
Alexa asks ten of her friends over to her home to learn about exciting new cosmetic products. A salesperson from Angel Products makes a presentation and takes the women's orders. This is an example of
A. a party plan. B. telemarketing. C. a warehouse club. D. direct marketing. E. a catalog showroom.
When n is reasonably large and p isn't too close to 0 or 1, the binomial distribution can be well approximated by which of the following distributions?
a. uniform distribution b. normal distribution c. triangular distribution d. none of these choices
Answer the following statement(s) true (T) or false (F)
1. Medicare is a government program of health insurance for the elderly. 2. Exclusion of employer-provided health insurance to employees is an indirect subsidy to private provision of health insurance. 3. Third-party payments for health care services increase the quantity of health care demanded by reducing out-of-pocket costs to patients. 4. An increase in coinsurance and deductibles for health insurance can contribute to a reduction in expenditures on health care. 5. Half of Americans do not have health insurance coverage.