Which of the Following Is a Disadvantage Associated with Using

question 2

Multiple Choice

Which of the following is a disadvantage associated with using Monte Carlo simulation?

• A)Overly precise calculations
• B)People prefer one clear figure to probabilities
• C)Effectively represents a "guesstimated" risk- adjusted approach
• D)Assumes that the key factors are correlated with each other
• E)All of the above are disadvantages

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Definitions:

UCC

Uniform Commercial Code, a set of laws that provides legal rules and regulations governing commercial or business dealings and transactions.

Substantial Impairment

Significant reduction in the ability or capacity of something, often used in legal contexts to describe the detrimental impact on a person's health or property.

Installment Contract

A contract that outlines a payment plan for the purchase of goods or services over a period of time, typically involving regular payments.

Commercial Impracticability

A defense in contract law allowing parties to escape liability for nonperformance when unforeseen events make fulfillment of the contract extraordinarily difficult or unfair.