Which of the Following Is True Regarding Simulation

question 9

Multiple Choice

Which of the following is true regarding simulation?

• A) Small problems can be done by hand.
• B) Most simulations are computerized.
• C) Real-world complications can be included in simulation models.
• D) Simulation is most suitable where standard analytical models are too complex.
• E) All of the above are true.

---

Definitions:

United Mine Workers

A labor union that represents coal miners in the United States and Canada, founded in 1890, advocating for improved working conditions and wages.

Consumerism

The cultural phenomenon characterized by the acquisition of goods and services in ever-increasing amounts, often driven by advertising and societal norms.

Installment Plans

Payment methods that allow consumers to make purchases and pay for them in set amounts over a specified period.

Department Stores

Department stores are large retail establishments that offer a wide range of consumer goods in different areas or departments such as clothing, household goods, and electronics, under one roof.