One of the Disadvantages of Simulation Is That It

question 9

Multiple Choice

One of the disadvantages of simulation is that it:

• A) does not allow for very complex problem solutions.
• B) produces solutions and inferences that are not usually transferable to other problems.
• C) time compression may occur.
• D) is very limited in the type of probability distributions that can be used.
• E) interferes with the production system while the program is being run.

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Definitions:

Adjusting Journal Entry

An accounting record made to amend the preliminary financial statements towards the accrual basis of accounting, ensuring all revenues and expenses are recorded in the correct period.

Depreciation

An accounting method of allocating the cost of a tangible asset over its useful life.

Assets

Economic resources controlled or owned by a business, which are expected to produce benefits or value in the future.

Owner's Equity

The residual interest in the assets of a company after deducting liabilities, representing what the owners truly own.