The Manager of a Branch Bank Wants to Build a Simulation

question 27

Multiple Choice

The manager of a branch bank wants to build a simulation model of the lobby operation to reduce the waiting time of her customers. The number of tellers is an example of:

• A) a decision variable.
• B) an uncontrollable variable.
• C) a time-compressed variable.
• D) a dependent variable.

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Definitions:

Elaborative Rehearsal

A memory technique that involves thinking about the meaning of the term to be remembered, as opposed to simply repeating the word to yourself over and over.

Long-term Storage

The part of memory where information is stored for extended periods of time, potentially for a lifetime.

Recency Effect

The psychological phenomenon where the most recently presented items or experiences are most likely to be remembered.

Short-term Storage

A part of the memory system where information is held temporarily for a short period, typically seconds to minutes.