A seed value is a(n):

A) steady state solution of a simulation experiment.
B) number used to start a stream of random numbers.
C) first run of a simulation model.
D) analytic solution of a simulation experiment.


Answer: B

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Ricky invested a lump sum of $25,450 in a mutual fund with an offer price of $25.65. How many shares did he purchase? (Round to the nearest thousandth)

What will be an ideal response?

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The primacy effect is a perceptual distortion in which an individual is judged based on the first information encountered, whereas the recency effect is a perceptual distortion in which an individual is judged based on ______.

A. the most recent information available B. a comparison to a similar person C. how we think or feel about the person D. beliefs about that person’s group

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The financial statements are prepared immediately after:

A) business transactions are recorded. B) adjustments are recorded. C) the accounts are closed. D) the adjusted trial balance is prepared.

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A company reported operating expenses of $320,000 . Depreciation expense was $14,000, prepaid insurance decreased $4,000, and salaries payable increased by $1,000 . How much cash was paid for operating expenses?

a. $337,000 b. $303,000 c. $301,000 d. $329,000 e. $329,000

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