Common Features of Simulations--Generating Values from Probability Distributions,maintaining Records,recording Data

question 62

Multiple Choice

Common features of simulations--generating values from probability distributions,maintaining records,recording data and summarizing results--led to the development of

• A)Excel and Lotus.
• B)BASIC, FORTRAN, PASCAL, and C.
• C)GPSS, SIMSCRIPT, SLAM, and Arena
• D)LINGO and The Management Scientist

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Definitions:

Reimbursed

The act of repaying someone for expenses they have incurred on behalf of someone else or a business.

State Income Taxes

Taxes levied by individual states on the income earned by residents and non-residents who receive income from a source in the state.

Itemized Deduction

Deductions from taxable income that individuals can claim for specific expenses as outlined by tax laws, which can include things like medical expenses, charitable contributions, and mortgage interest.

Taxes Withheld

Amounts taken out of an employee's wages or payments by the employer and paid to the government as part of the individual's tax liabilities.