In Constructing a Simulation Model You Decide That a Particular

question 16

Short Answer

In constructing a simulation model you decide that a particular property of the real system should be allowed to vary throughout the simulation.What is that property called?

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Definitions:

Work Sheet

A document used in accounting to gather information from ledger accounts for the preparation of financial statements.

Temporary Accounts

Accounts used to collect revenues, expenses, and dividends information which are then transferred to permanent accounts at the end of the accounting period.

Closed

Refers to an account or period that has been concluded and no longer accepts entries or transactions.

Accrual Basis

An accounting method where revenues and expenses are recorded when they are earned or incurred, regardless of when the cash is exchanged.