Examlex

Solved

If a Decision Model Has One Variable with a Certain/deterministic

question 2

True/False

If a decision model has one variable with a certain/deterministic input value and another variable with a random/probabilistic input,then the outcome of this model which is based on both variables will be probabilistic.


Definitions:

Gross Sales

The total sales revenue of a company without deducting any sales returns, allowances, or discounts.

Sales Returns and Allowances

Transactions where customers return goods or receive discounts due to issues, reducing total sales revenue.

Contra-Revenue Accounts

Accounts that are used to record reductions in gross revenue, such as sales returns and allowances, and discounts.

Sales Discount

A reduction in price given by a seller to a buyer, often to encourage prompt payment.

Related Questions