Which of the Following Are Advantages to Simulation

question 90

Multiple Choice

Which of the following are advantages to simulation?
I. Time compression
II. What-if questions are possible
III. Flexibility
IV. Trial and Error approach
V. Input must be user generated

• A) I, III, V
• B) I, II, V
• C) II, III, IV, V
• D) I, II, IV, V
• E) I, II, III

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Definitions:

Customer Base

The group of customers who repeatedly purchase the products or services of a business, forming the core of the company's sales revenue.

Goodwill

An intangible asset that represents the excess value of a company over its net asset value, often arising from factors such as reputation, brand, or customer loyalty.

Intangible Assets

Assets that do not have physical substance but are identifiable non-monetary assets without physical substance, used in the production or supply of goods or services, for rental to others, or for administrative purposes.

Identifiability

The capability to recognize, define, or distinguish assets and liabilities within a transaction or set of financial data.