Simulation

a. does not guarantee optimality.
b. is flexible and does not require the assumptions of theoretical models.
c. allows testing of the system without affecting the real system.
d. All of the alternatives are correct.


D

Business

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The perceived customer value is the sum of the relative performance and the relative cost of purchase

Indicate whether the statement is true or false

Business

Describe why customer service is important. Provide an example of a company that you are familiar with (or can find via Internet search) that differentiates itself from its competitors based on its excellent customer service.

What will be an ideal response?

Business

Which one of the following statements is TRUE?

A. An example of asset switching is when a company borrows for a new manufacturing facility but then uses it to repurchase its own stock. B. An example of an agency cost is when an attorney hires an expert witness for a trial. C. The commission required by the Federal Housing Agency for a small business loan is an example of an agency cost. D. An example of an agency cost is the salary of the agent hired to work for the principal. E. Creditors have a claim on a firm's earning stream through the dividend payments they receive.

Business

A company had total sales of $600,000, net sales of $550,000, and an average accounts receivable of $90,000. Its accounts receivable turnover equals:

A. 6.3 B. 63.0 C. 6.1 D. 54.8 E. 1.1

Business