Using a Simulation Model Allows One to Ignore the Common

question 119

True/False

Using a simulation model allows one to ignore the common assumptions required to use analytical models.

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Definitions:

Check 21 Act

A U.S. federal law that facilitates check truncation by creating a new type of negotiable instrument called a substitute check.

Electronically

Refers to processes, transactions, or communications that are conducted using electronic devices or over the internet.

Mandatory

Required or obligatory, implying that it must be done or adhered to without choice.

Stop-payment Order

A request made to a bank by an account holder not to pay out on a check or payment that has been issued but not yet processed.