Which of the Following Is Characteristic of Monte Carlo Simulation

question 60

Multiple Choice

Which of the following is characteristic of Monte Carlo simulation?

• A)Results are usually not valid, but provide managers with an approximation.
• B)Time compression is not possible using this technique.
• C)Statistical sampling is used to create outcomes for many trials.
• D)Computer packages such as SimQuick and Arena can show on-screen graphics of customers moving through the system or inventory accumulation.

---

Definitions:

Pay

The act of disbursing money in exchange for goods, services, or to fulfill any kinds of obligations.

1099 Forms

Tax forms used in the United States to report income from self-employment, interest, dividends, rents, and other sources of income.

SEC

The Securities and Exchange Commission, a U.S. government oversight agency responsible for regulating the securities markets and protecting investors.

IRS Form

Official documents published by the Internal Revenue Service for taxpayers to report financial information.