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The Use of Simulation to Determine the Impact of Projects

question 62

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The use of simulation to determine the impact of projects such as nuclear power plants, reservoirs and dams is known as


Definitions:

Simulation Analyses

A statistical method that attempts to predict the outcome of a decision or investment by representing possible scenarios and their impacts.

Incremental Cash Flows

The additional cash flows from operations that a business generates from taking on a new project.

Marketing Study

An analysis or research conducted to gain insights into and understand potential market trends, consumer behaviors, or the effectiveness of marketing strategies.

Shipping Costs

Expenses associated with the transportation of goods from one location to another.

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