All of the Following Are Benefits of Modeling Except

question 53

Multiple Choice

All of the following are benefits of modeling except:

• A) Modeling delivers needed information on a more timely basis.
• B) Modeling finds the right answers to incorrect or flawed problem statements.
• C) Modeling is helpful in examining things that would be impossible to do in reality.
• D) Modeling is less expensive than implementing several alternative solutions.

---

Definitions:

Economic Pie

A metaphorical term indicating the total amount of wealth or resources available for distribution within an economy.

Efficiency

Refers to the ability to achieve a desired result without wasting materials, time, or energy.

Equality

The circumstance in which all individuals possess identical opportunities, rights, and standing.

Opportunity Cost

The cost of the next best alternative foregone as a result of making a decision.