List the major advantages of simulation techniques

What will be an ideal response?


Simulations are flexible; can take advantage of useful simulation software; can analyze large, complex real-world situations; can ask what-if ?; can avoid tampering with the present system; can study the impact of individual variables on the modeled system; can simulate many time periods quickly; can incorporate any probabilistic distribution.

Business

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If assets are $130,000 and liabilities are $25,000, owner's equity is

a. $155,000; b. $130,000; c. $105,000; d. $25,000; e. $0

Business

Rage, a leading motor vehicle manufacturer, introduces a new superbike model. It invites proposals from independent dealers who are willing to set up exclusive showrooms that only sell Rage's superbikes

Chosen dealers will sell and service the superbikes, and Rage will oversee national advertising. This is most likely an example of a(n) ________. A) administered vertical marketing system B) horizontal manufacturing marketing system C) manufacturer-sponsored retailer franchise system D) manufacturer-sponsored wholesaler franchise system E) direct marketing system

Business

Describe what is meant by service-oriented architecture (SOA).

What will be an ideal response?

Business

A creditor is any person who has an ownership interest in a business

Indicate whether the statement is true or false

Business