Which of the Following Is Typically Not an Application of Simulation

question 6

Multiple Choice

Which of the following is typically not an application of simulation models

• A) Operations models 
• B) Financial models 
• C) Marketing models 
• D) All of the above are applications of simulation models

---

Definitions:

Outstanding Checks

Checks that have been issued and recorded in the account ledger but have not yet been cashed or cleared by the bank.

Checks Cleared

A term indicating that checks issued have been presented and successfully processed by a bank, deducting the amount from the payer's account.

Checks Written

Refers to checks that a company or individual has written and issued but which have not yet been cashed or cleared through the banking system.

NSF Check

A check that cannot be processed because the account it is drawn on does not have sufficient funds.