Which of the Following Is Not a Disadvantage to Simulation

question 36

Multiple Choice

Which of the following is not a disadvantage to simulation?

• A) Time compression
• B) Expensive, can take months to develop
• C) Trial and error approach
• D) All input must be user generated
• E) All of these are disadvantages to simulation

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Definitions:

Preferred Shares

Shares giving the shareholder preference over other classes of shares; that preference often pertains to the payment of dividends.

Legal Obligation

A legal obligation is a requirement imposed by law, where a person is required to perform or refrain from performing a certain action.

Dividends

Payments made by a corporation to its shareholders, usually derived from the company's profits.

Separate Legal Person

An entity, such as a corporation, that has legal rights and obligations independent of its owners or members, allowing it to enter into contracts and own property.