Which of the Following Are Advantages of Simulation? I

question 4

Multiple Choice

Which of the following are advantages of simulation? I. time compression
II. "what-if?" questions are possible
III. flexibility
IV. repetitive approach
V. input must be user generated

• A) I, III, V
• B) I, II, V
• C) II, III, IV, V
• D) I, II, IV, V
• E) I, II, III

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Definitions:

Bureau Of Labor Statistics

A U.S. government agency responsible for collecting, analyzing, and distributing essential statistical data related to labor market activity, working conditions, and price changes in the economy.

Consumer Price Index

A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, typically used as an indicator of inflation.

Unemployment Rate

The percentage of the labor force that is jobless and actively seeking employment, used as a key indicator of the labor market's health.

Disinflation

A decrease in the rate of inflation, indicating a slowdown in the rate at which prices for goods and services rise.