Advancements in Telecommunications, Combined with Increased Costs and Difficulties Associated

question 34

Multiple Choice

Advancements in telecommunications, combined with increased costs and difficulties associated with traditional long-term expatriate assignments, have led to the increased use of this form of international assignments:

• A)Commuter.
• B)Absentee Expatriate.
• C)High Tech/Low Touch.
• D)Virtual.

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Definitions:

Monte Carlo Simulation

A mathematical technique used to estimate the possible outcomes of an uncertain event by simulating the process with random variables numerous times.

Cumulative Probability

The probability that a random variable takes on a value less than or equal to a specified value, often visualized in the form of a cumulative distribution function.

Interval of Random Numbers

The range between the smallest and largest numbers in a set that has been chosen randomly.

Random Numbers

Sequences of numbers generated in such a way that each number has an equal chance of being any value within the defined range, used in simulations and probabilistic calculations.