Since a descriptive model checks the performance of the system for only a subset of all possible alternatives, there is no guarantee that a selected alternative will be optimal

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TRUE

Business

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Only entries that affect cash may be recorded directly in the general ledger

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Business

A join builds a new table by creating links

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Business

Under one type of rating law, insurers are free to change rates and to use modified rates immediately. However, the new rate must be filed with regulators within a specified period, such as 60 days after the modified rate is employed

This type of rating law is called A) prior approval. B) file-and-use. C) use-and-file. D) flex rating.

Business

While a limited partnership interest is transferable, the transferee will become a limited partner if:

A) the other members consent. B) he has paid fair market value. C) he has also donated services. D) he has consented to the organizational character.

Business