The outcome of a simulation experiment is a(n)
a. objective function.
b. probability distribution for one or more output measures.
c. single number.
d. what-if scenario.
b
RATIONALE: A simulation experiment produces a distribution of output values that correspond to the randomly generated values of the uncertain input variables. This probability distribution of the output values describes the range of possible outcomes, as well as the relative likelihood of each outcome.
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In accounting, the purpose of a journal is to provide a written record of the events of each day
Indicate whether the statement is true or false
Which statement about typing URLs is INaccurate?
a. Do not begin a sentence with a URL. b. Do not divide a long URL between lines. c. Test URLs in each report draft. d. Omit a URL for sources in a data base.
Dominik Corporation purchased a machine 5 years ago for $527,000 when it launched product M08Y. Unfortunately, this machine has broken down and cannot be repaired. The machine could be replaced by a new model 310 machine costing $545,000 or by a new model 240 machine costing $450,000. Management has decided to buy the model 240 machine. It has less capacity than the model 310 machine, but its capacity is sufficient to continue making product M08Y. Management also considered, but rejected, the alternative of dropping product M08Y and not replacing the old machine. If that were done, the $450,000 invested in the new machine could instead have been invested in a project that would have returned a total of $532,000. In making the decision to buy the model 240 machine rather than the model
310 machine, the sunk cost was: A. $450,000 B. $545,000 C. $527,000 D. $532,000
The ________ is an alliance of 200 companies doing business in 138 countries dedicated to making the world healthier.
A. International Federation of the Red Cross B. World Economic Forum on Health C. United Nations Development Program D. Global Business Coalition on Health