Simulation Does Not Usually Provide Recommended Decisions

question 3

Multiple Choice

Simulation does not usually provide recommended decisions. Instead it provides

• A) operating characteristics.
• B) optimal solutions.
• C) realistic results.
• D) system parameters.

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Definitions:

Reimbursement

Compensation paid to someone for out-of-pocket expenses they have incurred.

Internal Service Fund

A proprietary fund in governmental accounting used to account for the financing of goods or services provided by one department to other departments on a cost-reimbursement basis.

Central Data Processing

The handling and processing of data centrally for efficiency and control, typically within the IT department of an organization.

Economic Resources Measurement Basis

An accounting principle that focuses on the valuation and reporting of an entity's assets based on their current economic values rather than historical cost.