The process of generating probabilistic inputs and computing the value of the output is called

a. simulation.
b. verification.
c. validation.
d. implementation.


A

Business

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Prepaid insurance is an asset account

Indicate whether the statement is true or false

Business

The depreciation of factory equipment is adjusted on the work sheet by debiting Depreciation Expense—Factory Equipment

Indicate whether the statement is true or false

Business

A ratio of net income of $100,000 to sales of $1,000,000 can be stated as

A) Net income is 1/10, or 10 percent, of sales. B) For every dollar of sales, the company has an average net income of 10 cents. C) The ratio of sales to net income is 10 to 1 (10:1), or sales are 10 times net income. D) All of these choices.

Business

Where was ITIL developed?

A. United States B. Australia C. Canada D. United Kingdom

Business