Examlex
What are the pros and cons of using expatriates, host-country nationals, and third-country nations to run overseas operations? If you were expanding your business, which approach would you use?
Simulation
The use of a computer model to replicate the behavior of complex systems in order to study their properties or predict outcomes under different scenarios.
Risk Analysis
The process of identifying potential risks, quantifying their impact, and developing strategies to manage and mitigate them, especially in business and projects.
Uncertainty
The state of being unsure or having doubts, often quantifiable in finance and science.
Output Variable
The variable in a study or model that represents the result or outcome of interest, influenced by input variables.
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