A simulation model:
A) describes operating characteristics with known equations.
B) replicates the service of customers and keeps track of characteristics such as the number in line, the waiting time, and the total time in the system.
C) prescribes what should be done in a situation.
D) finds the optimal solution to a problem without having to try each alternative.
B
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The value equation can be represented as Value = Price/Benefits
Indicate whether the statement is true or false
If SanDisk demonstrates the benefits of using its flash memory storage/USBs for data storage in addition to music storage as a way to encourage its current customers to buy more of its existing product offering,
it is using a diversification strategy.
An apparent agency is created when a franchisor and franchisee use the same trade name and trademarks but make no effort to inform the public of their separate legal status
Indicate whether the statement is true or false
Which of the following is true of the American realist school of law?
A) It sees law as part of society and a means of enforcing political and social values. B) It says that judges and legislators should use an inventory of community interests to familiarize themselves with the community's standards and mores. C) It believes that morality is important to determine whether discrimination exists when a business pays workers differently on the basis of their sex, race, religion, or ethnic origin. D) It is the same as the sociological school because it focuses on the larger community to determine the meaning of law.