The Monte Carlo Simulation Was Developed by

question 13

Multiple Choice

The Monte Carlo simulation was developed by

• A)John von Neumann.
• B)Eric von Brock.
• C)A.K.Erlang.
• D)P.K.Poisson.

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Definitions:

Adjust Account Balances

The process of updating ledger accounts at the end of a period to reflect accurate financial information for reporting.

Balance Sheet

A financial statement that displays a company's financial position at a specific point in time, showing assets, liabilities, and shareholders' equity.

Revenues

The total income generated by a company from its business activities, such as the sale of goods or services, before any expenses are subtracted.

Withdrawals

Amounts of money taken out from a business by its owner(s) for personal use, reducing the equity in the business.