When the Value of the Output Cannot Be Determined Even

question 37

Multiple Choice

When the value of the output cannot be determined even if the value of the controllable input is known, the model is

• A) deterministic.
• B) analog.
• C) stochastic.
• D) digital.

Grasp foundational concepts in human resource planning and forecasting.

Comprehend how technology advances affect HR functions and data management.

Recognize the process and importance of developing HR objectives within organizations.

Understand methods and benefits of estimating future employment needs and internal supply of candidates.

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Definitions:

Fixed Assets

Long-term tangible assets that are used in the operations of a business and are not expected to be consumed or converted into cash within a year.

Default Risk

The risk that a borrower will not pay the interest and/or principal on a loan as it becomes due. If the issuer defaults, investors receive less than the promised return on the bond. Default risk is influenced by both the financial strength of the issuer and the terms of the bond contract, especially whether collateral has been pledged.

Interest Rate Risk

Arises from the fact that bond prices decline when interest rates rise. Under these circumstances, selling a bond prior to maturity will result in a capital loss; the longer the term to maturity, the larger the loss.

Real Return Bonds

Bonds issued by the federal government that offer inflation protection to investors.