Which of the Following Is TRUE Regarding the Use of Simulation

question 48

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 may interfere with real-world systems.
• C) It always yields optimal 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:

Top-Down Firm

Describes an organization where decisions and policies are made by higher-level executives, with little to no input from lower-level employees.

Corporate Experts

Professionals with specialized knowledge and skills in the corporate sector, often providing strategic advice and solutions.

Work Group

A collection of individuals who come together to achieve a common goal or task, often within the context of a workplace or organization.

Organizational Choice

The selection made by individuals when deciding among various organizational opportunities, often influenced by personal values, career objectives, and the organizational culture.