Which of the following explains why simulation is a preferred prescriptive analytics tool when investigating the behavior of complex systems?
a. Simulation can be used to find optimal solutions for complex systems.
b. Simulation can be used to mimic the complexity of the systems and test alternative solutions.
c. Simulation can be used to replace other mathematical programming techniques.
d. All of the above
B
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Which of the following is used to calculate the number of units accounted for under first-in, first-out (FIFO) method of inventory valuation of process costing? This is the first department in a company using process costing.
A) Accounted for = Beginning balance + Started and completed + In process B) Accounted for = Beginning balance + Started and completed C) Accounted for = Beginning balance + In process D) Accounted for = Beginning balance + Amount transferred in
______ are alternative plans to be implemented if uncontrollable events occur.
a. Secondary plans b. Standing plans c. Single-use plans d. Contingency plans
If parties cannot come to a resolution, what action should they take?
a. Remove the other party from the list of business partners. b. Analyze the situation and determine how you can improve in the future. c. Look for ways to avoid negotiating in the future. d. Continue looking for a solution.
As long as you use correct grammar, punctuation, and spelling in your business writing, you will be able to communicate your meaning
Indicate whether the statement is true or false