Starting Conditions Have No Impact on the Validity of a Simulation

question 88

True/False

Starting conditions have no impact on the validity of a simulation model.

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Definitions:

Decentralization

The distribution of decision-making powers from central authority to subsidiary levels in an organization.

Advantage

A condition or circumstance that puts one in a favorable or superior position compared to competitors.

Franchisor

A company that grants the license to an individual or group to carry out and operate a business under its brand and trademark.

License

A legal permission granted by a competent authority allowing a party to engage in a particular activity or to use a specific piece of intellectual property.