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Special-Purpose Simulation Software Is Specially Built to Run Specific Applications

question 39

True/False

Special-Purpose Simulation Software is specially built to run specific applications that have provisions in manufacturing models to allow for specifying the number of work centers,their descriptions,arrival rates and even batch sizes.


Definitions:

Rate Of Return

The percentage of gain or loss on an investment over a specified period, representing the profitability as a ratio of original investment.

Heirs

Individuals legally entitled to receive a portion or all of a deceased person’s estate under the laws of inheritance.

Birth Rate

The annual number of births per 1,000 people in a population.

Population

The total number of individuals or entities within a defined area or group at a specific time.

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