The number of times a company collects the average accounts receivable balance in a year is known as the accounts receivable turnover ratio
Indicate whether the statement is true or false
TRUE
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One of the advantages of simulation is that:
A) real-world complications can be included that most OM models cannot permit. B) it always generates a more accurate solution than a mathematical model does. C) it is a repetitive approach that may produce different solutions in repeated runs. D) model development is less time consuming than for mathematical models. E) model solutions are transferable to a wide variety of problems.