Which of the Following Statements Is Incorrect Regarding the Disadvantages

question 17

Multiple Choice

Which of the following statements is incorrect regarding the disadvantages of simulation?

• A)Each simulation run only provides a sample of how the real system will operate.
• B)The summary of the simulation data only provides estimates about the real system.
• C)The process of developing a simulation model of a complex system can be time-consuming.
• D)The larger the number of probabilistic inputs a system has, the less likely a simulation will provide the best approach for studying the system.

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Definitions:

Evaluate Risk

The process of identifying and analyzing potential issues that could negatively impact key business initiatives or projects.

Sales Forecasts

Predictions of the future sales revenue of a product or service within a specified time frame, based on historical data, market trends, and economic conditions.

Evaluate Strengths

The process of identifying and assessing the strong points or advantages that an individual, company, or product possesses.