The idea behind simulation is threefold:
1. to imitate a real-world situation mathematically, 2. then to study its properties and operating characteristics, and 3 . finally to draw conclusions and make action decisions based on the results of the simulation.
TRUE
You might also like to view...
What is a purpose of proactive fraud auditing?
a. It creates an atmosphere of distrust between and among employees. b. Its purpose is to deter employees from committing fraud. c. It provides ways for employees to deal with personal pressures. d. It eliminates collusion as a means of committing fraud.
Tran is interested in incorporating research-based recommendations on how to use monetary rewards effectively. Which of the following is an implementation guideline for the principle of “make rewards contingent on performance”?
A. ensure pay levels vary significantly based on performance levels B. distribute fake currencies or reward points that can later be traded for cash, goods, or services C. only promise rewards that are available D. specify what employees are expected to do, as well as what they should refrain from doing
Brianne asked her assistant, Austin, to send the minutes from the last meeting out to all the staff immediately. At the meeting the following day, Brianne’s boss yelled at her for not getting the meeting minutes out before the meeting. Brianne is confused because she knew she told Austin to send them out. She storms back to her office and yells at Austin without waiting for an explanation. The discipline of Austin appears to violate the __________ rule for effective discipline.
A. clearly communicate the standards and code of conduct to all employees B. discipline immediately, but stay calm and get all the necessary facts before you discipline C. follow the standing plans yourself D. take consistent, impartial action when the rules are broken E. discipline in private
Use Scenario 11.2 to answer this question. How many additional units of E are needed to produce ten end items?
A) 620 B) 103 C) 236 D) 350