What Is Agent-Based Modeling

question 108

Multiple Choice

What is agent-based modeling?

• A) Identifying patterns of user's behaviors and buying habits
• B) Simulating human organizations using a multi-agent system
• C) Observing and analyzing competitor information and the environmental factors influencing their behavior
• D) Building algorithms that monitor, and react to, your business partners' service and product needs

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Definitions:

Budget Procedure

The process involving the creation, approval, and implementation of a financial plan for a business or an organization.

Top-Down Managerial

A management approach where decision-making and direction come from the top levels of the organization and flow downward.

Profit-Making Businesses

Enterprises or organizations that operate with the primary goal of earning financial profits.

Budgetary Slack

Excess resources set within a budget to provide for uncertain events.