One of the advantages of simulation is that:
A) real-world complications can be included that most OM models cannot permit.
B) it always generates a more accurate solution than a mathematical model does.
C) it is a repetitive approach that may produce different solutions in repeated runs.
D) model development is less time consuming than for mathematical models.
E) model solutions are transferable to a wide variety of problems.
A
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Which statement from the salesperson best represents the Direct close?
A. "The next step in the process would be sign the agreement and begin the implementation process. Shall we move forward at this time?" B. "You would require 500 cases this month. I will send them on Friday." C. "Do you want me to have the router delivered on Friday or Monday?" D. "You are going to buy, so let's settle the details on what you will purchase." E. "Since the cost of this line of plastic utensils will increase next week, can I place your order for the product today?"
One item that appears on an insurance company's financial statements is a liability that represents an estimate of the claims reported and adjusted but not yet paid, claims reported and filed but not yet adjusted,
and claims incurred but not yet reported to the company. This liability is called the insurer's A) net income. B) loss reserves. C) admitted assets. D) unearned premium reserve.
The techniques used to analyze ordinal data involve a ranking procedure
Indicate whether the statement is true or false
Which of the following is true with regard to home-based businesses in the United States?
A. Home-based businesses in the United States represent only 5 percent of all firms. B. Home-based businesses are specific only to making furniture, toys, clothing, or food. C. Home-based businesses give U.S. customers the strongest sense of legitimacy. D. Home-based businesses are inexpensive and quick to start.