Define simulation

What will be an ideal response?


Simulation is the attempt to duplicate the features, appearance, and characteristics of a real system, usually via a computerized model.

Business

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Public relations (PR) has more credibility than advertising

Indicate whether the statement is true or false

Business

________ are negotiated between two governments and obligate the host government to extend fair and nondiscriminatory treatment to investors from the other country

A) Joint ventures B) Bilateral investment treaties C) Act-of-state doctrines D) Sovereign immunity doctrines

Business

Which of the following is NOT true regarding methods of perfection?

a. A security interest in a deposit account may be perfected only by taking control of the collateral. b. A security interest in a letter-of-credit right may be perfected only by taking control of the collateral. c. A security interest in money may be perfected either through possession or through filing a financing statement. d. For a limited period, a purchase-money security interest in consumer goods is automatically perfected.

Business

A benchmarking team meets for the first time and decides to try to improve its order delivery time and selects another firm as a benchmarking partner. This phase of the benchmarking process is called:

A) planning. B) selection. C) integration. D) action.

Business