When an Organization Must Decide on Optimization and Simulation Tools

question 31

Multiple Choice

When an organization must decide on optimization and simulation tools to make things happen it is using:

• A) predictive analytics.
• B) descriptive analytics.
• C) prescriptive analytics.
• D) comparative analytics.

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Definitions:

Converted

The process of changing or causing something to change from one form to another.

Remaining to Spend

The amount of budget or funds left available to use or allocate.

Cost Of Goods

The direct expenses associated with producing goods, including materials and labor costs, but excluding indirect expenses like distribution and sales force costs.

Operating Expenses

Costs associated with the day-to-day operations of a business, including rent, utilities, and payroll.