The Sampling Tab of Crystal Ball Is Useful When You

question 61

Multiple Choice

The Sampling tab of Crystal Ball is useful when you wish to ________.

• A)prescreen the variables in order to determine which variables are the most important candidates to define as assumptions before building a simulation model
• B)use the correlation coefficients in order to rearrange the generated random variates to produce the desired correlations
• C)define the assumptions for the variables in the data set
• D)define a controllable variable in your model and compare results for the same assumption values

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Definitions:

Indirect Materials

Materials used in the production process that cannot be directly linked to specific products or jobs, such as lubricants for machinery.

Materials Requisitions

Requests or orders for company materials to be used in production, indicating types, amounts, and intended use.

Period Cost

Costs that are not directly tied to the production process and are expensed in the period in which they are incurred, such as selling, general, and administrative expenses.

Direct Labor Cost

The wages of factory workers who are directly involved in converting materials into a finished product.