The Manager of a Branch Bank Wants to Build a Simulation

question 27

Multiple Choice

The manager of a branch bank wants to build a simulation model of the lobby operation to reduce the waiting time of her customers. The number of tellers is an example of:

• A) a decision variable.
• B) an uncontrollable variable.
• C) a time-compressed variable.
• D) a dependent variable.

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Definitions:

Working Capital

Current assets minus current liabilities, representing the liquidity available to a business for day-to-day operations.

Salvage Value

The forecasted residual value of an asset upon completing its lifespan.

Pretax Return

The income or profit earned by a business before any taxes have been deducted.

Investment Projects

Long-term projects undertaken by a business to generate revenue, increase capacity, or improve efficiency, often requiring significant initial investment.