Which of the Following Statements in Regard to Simulation Is

question 33

Multiple Choice

Which of the following statements in regard to simulation is false?

• A)Simulation allows managers to evaluate many aspects of the risk associated with a project.
• B)Simulation typically involves results from thousands of runs in the computer.
• C)Specifying the simulation model takes a small amount of time as the computer selects specific values from the distribution of each of the variables.
• D)None of the given options.

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Definitions:

Point System

A method of performance evaluation or employee recognition where individuals earn points for various achievements, which can be exchanged for rewards.

Job-Evaluation Technique

A systematic process for determining the relative worth of a job in comparison to other jobs within an organization, usually considering factors like skill, effort, and responsibility.

Compensable Factors

Characteristics of jobs that are valued by the employer and are compensated for in the form of wages, salaries, or benefits.

Stock-Option Plan

a compensation scheme that gives employees the option to buy company shares at a predetermined price, usually as an incentive or reward.