Which of the Following Statements About Simulation Is BEST

question 66

Multiple Choice

Which of the following statements about simulation is BEST?

• A)Tools like optimization and regression analysis work best when they are simulated.
• B)Simulation permits managers to test the effects of new policies and procedures without disrupting customer service.
• C)As computers have increased in processing power, simulation results have become less accurate.
• D)Computer-based simulation is the only "true" simulation.

---

Definitions:

Strategic Issues

Fundamental challenges or critical decisions that affect the overall direction and competitiveness of a business.

Budgeting

The process of creating a plan to spend your money, outlining projected income versus expenses.

Forecasting

The process of making predictions of future outcomes based on past and present data and analysis, commonly used in finance, sales, and weather predictions.

Cash Flow

The total amount of money being transferred into and out of a business, indicating its financial health.