__________ Is the Process of Determining That a Simulation Model

question 4

Multiple Choice

__________ is the process of determining that a simulation model provides an accurate representation of a real system.

• A)Regression
• B)Verification
• C)Consideration
• D)Validation

---

Definitions:

Total Revenue

The total amount of income generated by the sale of goods or services before any expenses are subtracted.

COGS

Cost of Goods Sold, which refers to the direct costs attributable to the production of the goods sold by a company.

Economic Value Added

A measure of a company's financial performance based on the premise that true profit occurs when additional wealth is created for shareholders, beyond the cost of capital invested.