Which of the Following Is Not a Common Application for Simulations

question 34

Multiple Choice

Which of the following is not a common application for simulations in operations management?

• A) waiting lines/service
• B) inventory management
• C) logistics
• D) service standards development

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Definitions:

Ledger Accounts

Records within a ledger that show all the financial transactions of a specific account, summarized.

Book of Original Entry

It is the initial record where financial transactions are documented in the accounting system.

Accounts Payable

Debts of a business to creditors arising from the acquisition of goods and services on credit.

Purchases on Account

Transactions where goods are bought and the payment is deferred to a future date, often recorded in accounts payable.