Which of the Following Statements About Simulation Is FALSE

question 41

Multiple Choice

Which of the following statements about simulation is FALSE?

• A)Since each simulation model is specifically developed to analyze a specific problem,the models,results,or the conclusions cannot be transferred to other problems.
• B)Simulation results are generally not more accurate than analytical models.
• C)It is a flexible tool and can be quickly adapted as conditions in the problem environment change.
• D)Developing complex simulation models can be time-consuming and expensive.

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Definitions:

Corporate Philosophy

The set of fundamental beliefs, values, and principles that serves as a foundation for the operating practices and ethical standards of a corporation.

Core Benefit Proposition

The fundamental value or advantage that a product or service offers to customers, serving as the primary reason for their interest or purchase.

Code of Ethics

A set of principles and standards designed to guide the conduct of members within an organization or profession.

Mission Statement

A brief declaration that defines an organization's purpose, goals, and approach to reach those goals, serving as a guide for its operations and strategies.