Which of the following statements is INCORRECT regarding the advantages of simulation?

a. Simulation is relatively easy to explain and understand.
b. Simulation guarantees an optimal solution.
c. Simulation models are flexible.
d. A simulation model provides a convenient experimental laboratory for the real system.


B

Business

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______ transitions use words that show how the idea that follows differs from the ones that precede it.

a. Chronological b. Contrasting c. Causal d. Complementary

Business

Non-statistical sampling Describe non-statistical sampling for test of account balances and how it is used by the auditor

Business

Periodically, the Walt Disney Company recycles its oldest animated films, such as Snow White, back into movie theaters to delight a new generation of consumers

To what classification of the BCG growth-market share matrix would these old movies belong? Explain.

Business