Which of the Following Is true Regarding the Use of Simulation

question 93

Multiple Choice

Which of the following is true regarding the use of simulation?

• A) It is always very easy to build a simulation model.
• B) It is very inexpensive to use a simulation model.
• C) It always yields optimum solutions.
• D) It allows time-compression in testing major policy decisions.
• E) Few constraints, if any, have to be considered.

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Definitions:

Personally Liable

means an individual is legally obligated to pay a debt or damages out of their own assets.

Obligations

Obligations are legal or moral duties that a person or entity is required to fulfill, including contractual commitments or the requirement to compensate for harm caused by one's actions.

General Partnership

See partnership.

Personally Liable

Being directly responsible for a debt or obligation, such that one's personal assets can be pursued by creditors.