Which of the Following Statements Is INCORRECT Regarding the Advantages

question 24

Multiple Choice

Which of the following statements is INCORRECT regarding the advantages of simulation?

• A) Simulation is relatively easy to explain and understand.
• B) Simulation guarantees an optimal solution.
• C) Simulation models are flexible.
• D) A simulation model provides a convenient experimental laboratory for the real system.

---

Definitions:

Use of Cash

Use of Cash refers to how a business or individual utilizes their available cash resources, including operating expenses, investments, and financing activities.

Inventory

The total value of a company's goods that are ready for sale, in the process of being produced, or used as raw materials.

Use of Cash

Refers to how a business or individual utilizes available cash resources, including operations, investments, and financing activities.

Inventory Holdings

Refers to the quantity and value of a company's stock of goods that are held awaiting sale.