A simulation model is continuous has variables whose state:
a. Does not change overtime.
b. Changes at discrete points in time.
c. Changes continuously.
d. All of the above
C
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When doing business in several countries, the two market screening approaches are
A. region and market. B. segment and market. C. country and segment. D. country and region.
Which of the following correctly pairs the type of packaging with its description?
a. primary packaging: the material that is mixed with the contents of a product b. secondary packaging: outer wrappings that envelop and protect tertiary packages c. tertiary packaging: protects products during transportation and bulk handling d. security packaging: packaging used to secure goods from theft
When evaluating capital budgeting projects, how do most firms incorporate risk in their decision-making analyses?
A. Most firms do not consider risk when making capital budgeting decisions; that is, they ignore it. B. Most firms increase the required rate of return used in their capital budgeting analyses when evaluating projects with higher-than-average risks. C. Most firms decrease the required rate of return used in their capital budgeting analyses when evaluating projects with higher-than-average risks. D. Most firms use the same required rate of return to evaluate all capital budgeting projects, because the risk associated with an individual capital budgeting project is not important when determining the overall riskiness of the firm. E. Most firms decrease the required rate of return used in their capital budgeting analyses by 6 percent when evaluating projects with lower-than-average risks.
The distinguishing feature of a corporation is that:
A) a corporation is a legally defined, artificial being, separate from its owners. B) there are no legal differences between the corporation and its owners. C) it spreads the liability for its corporate obligations to all shareholders. D) it provides limited liability only to small shareholders.