Describe Chomsky's Theory of the Language-Acquisition Device

question 6

Essay

Describe Chomsky's theory of the language-acquisition device.

Grasp the concept of time compression in simulation and its benefits.

Recognize the flexibility and what-if analysis capability of simulation.

Understand how simulation can include real-world complications in models.

Learn how to set up and interpret probability distributions for simulation.

---

Definitions:

Initial Cost

The purchase price of an asset plus all costs to obtain and ready it for use.

Operating Income

The profit realized from a business's core operations, excluding deductions of interest and taxes.

Net Cash Inflows

The total amount of cash that a company receives during a specific period, minus the cash expenditures.

Payback Period

The time it takes for an investment to generate an amount of income or cash flow to recoup the initial capital cost.