Simulation models can be broken down into which of the following three categories?
A) Monte Carlo, queuing, and inventory
B) queuing, inventory, and maintenance policy
C) Monte Carlo, operational gaming, systems simulation
D) inventory, systems simulation, and operational gaming
E) None of the above
C
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Who is the plaintiff in a criminal lawsuit?
A) the respondent B) the government C) a private party D) the victim
Answer the following statements true (T) or false (F)
1. A known obligation of an uncertain amount that can at least be reasonably estimated is reported as an estimated liability. 2. Accrued vacation benefits are a form of estimated liability for an employer. 3. A liability is incurred when income is earned because income tax expense is created by earning income. 4. A corporation has a $40,000 credit balance in the Income Tax Payable account. Period end information shows that the actual liability is $47,000. The company should record an entry to debit Income Tax Expense for $7,000 and credit Income Taxes Payable for $7,000. 5. Employers can use a wage bracket withholding table to compute federal income taxes withheld from each employee's gross pay.
Answer the following statements true (T) or false (F)
1. In a process costing system, with the exception of the first department, each department receives output from the prior department as a partially processed product. 2. In process costing, the cost object is the process and in job costing, the cost object is a job. 3. Process costing is applied to operations with repetitive production and customized products. 4. Process costing is applied to operations with repetitive production and noncustomized products. 5. In a process operation, all labor that is used exclusively by a single production department is considered to be direct labor.
In the first two decades, the WTO has been successful based on what two reasons?
What will be an ideal response?