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.

Comprehend the prescriptive nature of adaptive leadership behavior.

Identify the steps a leader should take when faced with an adaptive challenge.

Recognize the discrepancy between espoused values and actual behaviors within an organization.

Know the number and types of behaviors exhibited by adaptive leaders.

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Definitions:

Photoperiodism

The physiological response of organisms to the length of day or night, affecting behaviors such as flowering in plants and mating in animals.

Regulates

To control or maintain the rate or speed of a process or system to make it operate correctly.

Methyl Salicylate

An organic ester naturally produced by many plants and is commonly used in muscle pain relief creams for its anti-inflammatory and pain-relieving properties.

Systemic Acquired Resistance

A plant's innate immune response triggered by previous infection, providing long-lasting protection against a wide range of pathogens.