Why Would Researchers Want to Use a Simulation Rather Than

question 4

Multiple Choice

Why would researchers want to use a simulation rather than study the actual situation?

• A) Simulations demonstrate many additional features which the actual situation doesn't possess.
• B) The actual situation may be too dangerous.
• C) The actual situation may not give the desired outcomes.
• D) Simulations usually employ more sophisticated computer software than the actual situations.

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Definitions:

Contingent Liabilities

Potential liabilities that may occur depending on the outcome of a future event, which are recorded in the financial statements if the occurrence is likely and the amount can be reasonably estimated.

Potential Obligation

This term refers to a possible future liability that might arise as a result of past events or transactions, dependent on certain occurrences.