If the Model Produces the Numerically Correct Values, It Is

question 5

Multiple Choice

If the model produces the numerically correct values, it is said to be:

• A) flexible
• B) adjustable
• C) a transformation
• D) accurate
• E) inaccurate

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Definitions:

Constrained Resource

A limited resource within a system that significantly affects the throughput or output of the system.

Special Order

A special order refers to a one-time purchase order often at a discounted price, usually for large quantities that is outside the normal scope of operations.

Direct Labor Hours

Total working hours logged by employees who are intimately involved with the production operations.

Profitable Use

The utilization of resources or assets in a manner that generates a significant positive return or profit.