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Using a Computer Model to Repeatedly Vary the Combination of Project

question 29

Multiple Choice

Using a computer model to repeatedly vary the combination of project variables in order to compare vast numbers of potential NPVs is called:


Definitions:

Back-Of-The-Napkin

An informal approach to problem-solving or idea generation, utilizing simple sketches or calculations made quickly, often on a napkin or similar surface.

Rough Draft

An initial version of a document or project that allows creators to explore ideas and structure before refining and finalizing their work.

Blueprint

A detailed plan or design of a project or object, often used in architecture and engineering to guide construction.

Scientific Process

A methodological approach to inquiry involving systematic observation, experimentation, and analysis to gain knowledge and understand phenomena.

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