Monte Carlo Simulation Is an Inappropriate Tool to Analyze Cash

question 24

True/False

Monte Carlo simulation is an inappropriate tool to analyze cash budgets because of the inherent uncertainty of the sales forecasts on which most cash budgets are based.

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Definitions:

Trusted Network

A trusted network is a secure network segment in which all users and devices are considered secure and are given access privileges to resources.

Untrusted Network

A network that is not secure or controlled, where the confidentiality, integrity, and availability of the data cannot be assured.

Human Error

Human Error encompasses mistakes made by humans that can lead to deviations from intended operations or outcomes, often analyzed for system improvements.

Unintentional

Actions or outcomes occurring without intention, plan, or deliberate cause, often resulting in unexpected consequences.