Identify, in order, the five steps required to implement the Monte Carlo simulation technique
What will be an ideal response?
1. Setting up a probability distribution for important variables. 2. Building a cumulative probability distribution for each variable. 3 . Establishing an interval of random numbers for each variable. 4. Generating random numbers. 5. Actually simulating a series of trials.
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During the period, labor costs incurred on account amounted to $250,000 including $200,000 for production orders and $50,000 for general factory use. In addition, factory overhead charged to production was $23,000. From the following, select the entry to record the direct labor costs
A) Work in Process 200,000Wages Payable 200,000 B) Work in Process 250,000Wages Payable 250,000 C) Wages Payable 250,000Work in Process 250,000 D) Wages Payable 200,000Work in Process 200,000
The just-in-time management system results in an increase in the costs to buy, store, insure, and move inventory
Indicate whether the statement is true or false
In Summers v. Earth Island Institute, where the decision of the Forest Service to sell burned timber on 238 acres without preparing an environmental impact statement or formal notice of the sale was challenged as a violation of the Forest Service Decisionmaking and Appeals Reform Act, the Supreme Court held that since the:
a. Forest Service is exempt from most judicial review, the plaintiffs could only challenge the Forest Service's decisions in certain states b. Forest Service is exempt from all judicial review, the plaintiffs could not challenge Forest Service's decisions in court c. plaintiffs could not demonstrate standing, they could not challenge the Forest Service's actions in court d. plaintiffs could only demonstrate standing, they could not challenge the Forest Service's actions in court e. plaintiffs could demonstrate standing, they could challenge the Forest Service's actions in court
Daisuke wants to establish an environment in which his employees feel free to seek out feedback. To do so, he should do all of the following except _____
a. eliminate goals and performance standards b. give ongoing feedback c. find opportunities to give positive feedback d. set a tone of openness