Which of the following is considered a disadvantage of simulation?
A) Simulation models do not allow for time compression.
B) Simulation models do not allow for what-if analysis.
C) Simulation models cannot emulate real systems.
D) Simulation models do not generate optimal solutions.
E) Simulation models are not unique.
D
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Which type of informative presentation shows the audience how to do something and often gives them a chance to try what they have learned?
a. exploratory b. descriptive c. explanatory d. demonstrative
CVS drug stores prefer to receive refills of prescriptions through a phone-based system where customers can directly key in the information about the drug. By receiving orders in this manner rather than through a paper-based system or by a phone conversation with a pharmacy employee, CVS has been able to save time and money on
A. electronic data interchange. B. order entry. C. inventory management. D. order delivery. E. materials handling.
The first stage in activity-based costing is to:
A. multiply the total cost of producing each good by the number of goods. B. identify specific activities that create indirect costs and determine the factors that drive the costs of these activities. C. divide the total cost of goods available for sale by the total units available for sale. D. identify specific activities that create direct costs and determine the marketing factors that influence the costs of these activities.
Answer the following statement(s) true (T) or false (F)
The major purpose of a business plan is its utilization as a working document.