______ involves ensuring that the simulation model behaves as intended.

a. Model verification
b. Validation
c. Model formulation
d. Experimentation


a. Model verification

Business

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An organization might request bids for computer resources from only one vendor for all of the following reasons except:

a. to reduce training cost by staying with its present vendor b. to satisfy a specialized need c. to improve its bargaining position by maintaining a competitive selection posture d. to minimize conversion cost by staying with its present vendor

Business

Merc Enterprise is an independent distributor that distributes coffee machines and water purifiers to firms on a large scale. In addition to taking legal possession of the goods it distributes, the company also provides a complete array of services that includes warehousing, shipping, product repairs, and credit to its business buyers. In this scenario, it can be said that Merc Enterprises is a(n) _____.

A. store retailer B. broker C. agent D. merchant wholesaler

Business

Contributions to Roth IRAs are tax deductible

Indicate whether this statement is true or false.

Business

The mode is best described as the:

a. middle observation b. same as the average c. 50th percentile d. most frequently occurring value e. third quartile

Business