The Primary Difference Between Simulation Models and Other Types of Spreadsheet

question 8

Multiple Choice

The primary difference between simulation models and other types of spreadsheet models is that simulation models contain ____:

• A) deterministic inputs 
• B) random numbers 
• C) output cells 
• D) constraints

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Definitions:

Manufacturing Overhead

Indirect costs related to manufacturing, including utilities, maintenance, and salaries of support staff.

Production Supervisors

Individuals responsible for overseeing the production process and ensuring that manufacturing goals are met.

Direct Cost

Expenses that can be directly traced to a product, service, or department, such as raw materials or labor.

Cost Object

Any item for which cost is measured and assigned, including products, services, projects, departments, or activities.