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Using Simulation Models,we Are Able to Explore the Sensitivity of Various

question 3

Multiple Choice

Using simulation models,we are able to explore the sensitivity of various decisions to some of the model's

Definitions:

Third-Party Rights

Third-party rights refer to the rights that the law grants to individuals or entities who are not directly involved in a contract but may be affected by it.

Donee Beneficiary

A third party who benefits from a contract made between two other parties.

Incidental Beneficiary

A third party who benefits from a contract between two other parties, despite not being a party to that contract and having no rights to enforce the terms of the contract.

Intended Beneficiary

A person or entity that is not a party to a contract but stands to benefit from the contract's performance.