Answer the following statement(s) true (T) or false (F)
1. Verification is the process of ensuring that the simulation model provides an accurate representation of the real system.
2. Simulation is a method that uses repeated random sampling of values in order to represent uncertainty in a model that represents a real system and computes the values of model outputs.
3. Validation determines that the computer procedure is operating as it is intended to operate.
4. A discrete-event simulation reviews the status of the system periodically, whether or not an event occurs.
5. A static simulation model is used in situations where the state of the system affects how the system changes or evolves over time.
1. False
2. True
3. False
4. True
5. False
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Beth sold her 25% partnership interest to Katie for $50,000 cash on July 1 of the current tax year. Katie also assumed Beth's share of the partnership's liabilities. Beth's basis in her partnership interest at the beginning of the year was $40,000, including a $15,000 share of partnership liabilities. The partnership's income for the entire year was $100,000, and Beth's share of partnership debt
was $10,000 as of the date she sold the partnership interest. Assume the calendar-year partnership has no hot assets, all of its income is earned evenly throughout the year, and the partnership uses the daily proration method to allocate its income among the partners. Beth recognizes a gain of $12,500 on the sale. a. True b. False Indicate whether the statement is true or false
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A. store credit cards B. identification cards C. frequent shopper cards D. third-party credit cards E. frequent membership cards
A _________ is a collection of autonomous units or firms that act as a single larger entity, using social mechanisms for coordination and control.
A. division B. ?lattice C. network organization D. matrix E. bureaucracy