Monte Carlo Simulation Is

question 17

Multiple Choice

Monte Carlo simulation is:

• A)the method of analysis most widely used by executives.
• B)a very simple formula.
• C)more complex than sensitivity or scenario analysis.
• D)the oldest capital budgeting technique.
• E)None of the above.

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Definitions:

Informal Structures

Unofficial relationships and networks within an organization that influence decision-making, information flow, and culture, apart from the formal hierarchy.

Hybrid Structure

An organizational model that combines elements of more than one organizational structure, such as matrix and divisional structures, to benefit from their strengths.

Global Product Organizations

Global product organizations design, produce, and market their products and services on a global scale, taking into account the diverse needs of consumers in different countries.

Divisional Structure

An organizational layout where operations are divided into semi-autonomous units or divisions, each focusing on a specific aspect of the business.