Which Statement Is False Regarding Mathematical Models

question 69

Multiple Choice

Which statement is false regarding mathematical models?

• A)The modeling process can be a learning experience.
• B)It is possible to simulate several months, quarters, or years of company operations in a matter of minutes.
• C)Models are more expensive than the trial- and- error method.
• D)Models provide a predictive power.

---

Definitions:

Sufficient Value

A concept in contract law that refers to the necessity of both parties exchanging something of value for a contract to be considered valid.

Trademark

A distinct symbol, pattern, or phrase that distinguishes the goods or services of one origin from those of another.

Manufacturer

Any person or entity that makes goods or merchandise from raw materials by hand or by machinery, often on a large scale.

Madrid Protocol

An international treaty that provides a centralized system for obtaining a bundle of trademark registrations in different jurisdictions with a single application.