One Advantage of Simulation Modeling Is

question 4

Multiple Choice

One advantage of simulation modeling is:

• A)it allows the user to conduct a "what if" analysis.
• B)the many simplifying assumptions that are often made when using it.
• C)the fact that an optimal solution is reached.
• D)the time and cost required to make a perfectly realistic simulation.

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Definitions:

EOM

An acronym for "End of Month", often used in accounting and finance to denote transactions that occur or are recorded at the close of the month.

Credited

The acknowledgment of a payment received or the addition of funds to an account.

Account

An account statement that captures all transactions associated with a specific aspect of the accounting equation.

Payment

The transfer of money from one party to another as compensation for goods or services or as repayment of a loan.