Using a Simulation Model to Gather a Year of Operating

question 21

Multiple Choice

Using a simulation model to gather a year of operating data in a few minutes is known as:

• A) historical search data collection.
• B) Monte Carlo optimization.
• C) sub-optimization.
• D) time compression.

Recognize the role of labor standards and unions in the context of globalization.

Understand the importance and effects of cross-border labor movements.

Grasp the multidimensional aspects of globalization.

Identify the functions and structures of unions and worker councils at the international level.

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Definitions:

Job Satisfaction

A measure of how content an individual is with their job, which can affect productivity and morale.

Performance

The level at which an individual, group, or organization accomplishes its tasks, goals, or objectives, often measured against known standards of accuracy, completeness, cost, and speed.

Political Deviance

Actions that violate the norms of political behavior within an organization, often undermining its processes, policies, or other individuals' political standing.

Wasting Resources

The inefficient or unnecessary use of materials, time, or energy, resulting in lost potential.