What Is the Basic Simulation Technique Called

question 23

Multiple Choice

What is the basic simulation technique called?

• A) ANOVA
• B) Monte Carlo method
• C) stratified sampling
• D) multistage sampling

---

Definitions:

Flat Organizations

Organizational structures with few or no levels of middle management between staff and executives, promoting autonomy and faster decision-making.

Teamwork

Teamwork involves a group of people working collaboratively towards a common goal, leveraging diverse skills and perspectives.

Bureaucratic

Pertains to a system or manner of government or organization that is characterized by fixed and complex rules, a hierarchy of authority, and a focus on procedure over people.

Turnaround Strategy

A plan implemented by a company facing difficulties, aiming to recover its profitability and ensure long-term survival.