Simulation Models Can Be Broken Down into Which of the Following

question 74

Multiple Choice

Simulation models can be broken down into which of the following three categories?

• A)Monte Carlo,queuing,and inventory
• B)queuing,inventory,and maintenance policy
• C)Monte Carlo,operational gaming,systems simulation
• D)inventory,systems simulation,and operational gaming
• E)None of the above

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Definitions:

Bank Reconciliation

The process of comparing and adjusting the balance shown in an entity's bank statement, with the corresponding amount shown in the entity's own accounting records.

Outstanding Checks

Checks that have been written and recorded by an entity but not yet cleared or cashed by the recipient.

Control Environment

The control environment forms part of an organization’s internal control framework, setting the tone for discipline and structure regarding the internal controls and operational processes.

Risk Assessment

The process of identifying, analyzing, and evaluating the likelihood and impact of risks on a project or organization.