One of the Disadvantages of Simulation Is That It

question 24

Multiple Choice

One of the disadvantages of simulation is that it:

• A) does not allow for very complex problem solutions.
• B) is not very flexible.
• C) is a repetitive approach that may produce different solutions in different runs.
• D) is very limited in the type of probability distributions that can be used.
• E) interferes with the production systems while the program is being run.

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Definitions:

Redeems

The act of exchanging something such as coupons, vouchers, or securities for goods, services, or money.

Gain

Financial benefit realized from activities such as the sale of an asset for more than its original purchase price.

Loss

A financial condition indicating that expenses have exceeded revenues, leading to a negative income.

Bonds Payable

Long-term liabilities on a company's balance sheet, representing debt obligations that the company must repay to bondholders at a specified date.