Simulation Is Used for Several Reasons, Including Which of the Following

question 17

Multiple Choice

Simulation is used for several reasons, including which of the following?

• A) Model development is a fast process.
• B) The models can usually be solved by hand.
• C) The models are usually simple.
• D) It can handle large and complex real-world problems.
• E) It always generates optimal solutions.

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Definitions:

Publicly Listed

Pertains to a company or entity whose shares are traded on a stock exchange, allowing public investors to buy and sell its stock.

Telephone Numbers

Unique sequences of digits assigned for communication over telephone networks, essential for identifying participants in studies involving telephonic surveys.

Volunteer Sample

A sampling technique where participants are selected based on their willingness to volunteer, potentially leading to biased results.

Activism

The practice of campaigning or taking action to bring about political or social change.