Process Simulation ________

question 62

Multiple Choice

Process simulation ________.

• A)analyzes sample statistics empirically by repeatedly sampling the data and creating distributions of the statistics
• B)is the process of modeling chronological data
• C)is the process of changing key model inputs to determine their effect on the outputs
• D)is an approach for modeling the logical sequence of events as they take place

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Definitions:

Employment Flexibility

The degree to which employees and employers have the ability to make arrangements concerning working hours, location, and other conditions of employment.

Functional Flexibility

The ability of an organization to adapt and respond to changes by reallocating and utilizing its resources or workforce in different roles or functions.

Pay Flexibility

Policies that allow variation in employees' pay, which may depend on factors like market conditions, individual performance, or company performance.

Procedural Flexibility

The ability to adapt the processes and rules of an organization or system to accommodate different situations or requirements.