What Are Two Ways That Time Is Incremented in Simulation

question 6

Short Answer

What are two ways that time is incremented in simulation models?

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Definitions:

Cost Method

An accounting approach that involves recording investments at their original purchase cost.

Income Tax Allocation

The process of assigning the income tax expense or benefit to various accounting periods or components.

ASPE

Accounting Standards for Private Enterprises; a set of accounting policies and principles developed for use by private companies in Canada.

Jointly Controlled Enterprises

A business arrangement between two or more parties who share control over the business operations and decision-making process.