An Advantage of Using a Computer Versus a Manual Approach

question 24

True/False

An advantage of using a computer versus a manual approach when performing a simulation is that it often takes only seconds versus hours to reach a steady-state result.

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Definitions:

Microchips

Small semiconductor devices that contain an integrated circuit, used in various electronic applications.

Price Effect

The impact on consumer demand and market supply when the price of a product changes, influencing the quantity bought and sold.

Motor Homes

Recreational vehicles designed with living accommodations, combining transportation and living quarters in one.

Retailing

The process of selling consumer goods or services to customers through multiple channels of distribution to earn a profit.