Common Features of Simulations--Generating Values from Probability Distributions, Maintaining Records

question 42

Multiple Choice

Common features of simulations--generating values from probability distributions, maintaining records, recording data and summarizing results--led to the development of

• A) Excel and Lotus.
• B) BASIC, FORTRAN, PASCAL, and C.
• C) GPSS, SIMSCRIPT, SLAM, and Arena
• D) LINDO and The Management Scientist

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Definitions:

Real Estate Investment Trusts

Companies that own or finance income-producing real estate across a range of property sectors, offering investors regular income streams, diversification, and long-term capital appreciation.

Mutual Funds

Investment vehicles comprising pooled funds of investors that are managed by professionals, investing across a range of asset classes for diversification.

Money Market Securities

Short-term financial instruments with high liquidity and minimal risk, such as Treasury bills and certificates of deposit.

Total Assets

The sum of all current and non-current assets owned by a company, reflecting its overall value.