Which of the following would not be considered a limitation of simulation modeling?
A) Models are typically unstructured.
B) Validation of simulation models can be difficult.
C) The cost of building simulation can be prohibitive.
D) Simulation allows flexibility in analyzing systems.
Answer: D
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A person's understanding of facts does not affect the degree of reasonability of his ethical judgements.
Answer the following statement true (T) or false (F)
Madison works for a weed killer manufacturing company. The products have only been available in a concentrated liquid form, but now the firm is introducing a pre-mixed version that should be easier for consumers to use. Madison will most likely increase the frequency of sales calls because:
A. there is no competition within the sales territory. B. customers are less likely to buy products from the competition. C. the available supply is limited and costly. D. demand is low for his company's older products. E. his company has increased the number of product lines available.
_______________ consist of a number of people, usually between three and seven, who use their complementary skills to collaborate in a joint effort.
a. A phalanx b. Groups c. Teams d. A Posse
An increase in GDP should lead to a decrease in imports
Indicate whether the statement is true or false.