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Hitman42 [59]
4 years ago
11

Which of the following statements is/are true regarding a simulation model? It makes decision-making easier. It explicitly incor

porates uncertainty in one or more input variables. It does not require any best guesses. All of these statements are true.
Business
1 answer:
Annette [7]4 years ago
3 0

Answer:

It explicitly incorporates uncertainty in one or more input variables.

Explanation:

In simulation analysis we perform 1000's of calculations assigning risk of uncertainty to multiple input variables, as with increased data set the variable tend to increase.

This technique is generally used, for project management and further, decision making in many streams.

Under this probability of different results in the form of outcomes are evaluated.

Therefore, the correct statement is b.

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Harbor Corp currently leases a corporate suite in an office building for a cost of $ 260,000 a year. Only 88 ​% of the corporate
Rzqust [24]

Answer:

The correct answer to allocate the amount of cost would be allocated to the startminus up business is $56859

Lease rent allocated to startminus up business = $260000 × 12% = $31200

Allocation of overall costs of maintaining the space = $25659

Amount of cost allocated to the startminus up business = $31200 + $25659 = $56859

8 0
3 years ago
Sheila and Jim live in an island where they are the only two workers. Sheila can either catch 10 fish or gather 40 pounds of ber
Firlakuza [10]

Answer:

SHEILA

Explanation:

A person has comparative advantage in production if it produces at a lower opportunity cost when compared to other people.

Sheila's opportunity cost in producing berries = 10/40 = 0.25

Jim's opportunity  cost in producing berries = 8/24 = 0.33

Sheila has a lower opportunity cost in the production of berries and thus has a comparative advantage in the production of berries

7 0
3 years ago
Consider a production line with three stations. The first station can process a unit in 10 minutes. The second station has two i
Anton [14]

Answer:

a. station 1

Explanation:

A bottleneck is basically the place or station where the production process is congested or delayed because that station lacks the capacity to process work. Bottlenecks are where queues are formed, and the whole process gets delayed.

In this case, station 1 can process 6 units per hour, station 2 can process 10 units per hour and station 3 can process 7.5 units per hour. The station that processes the least number of units is station 1, so that is the station that limits the whole production system. In this case, due to station 1's low processing capacity, a lot of idle time exists in the other 2 stations.

4 0
3 years ago
The process of setting aside money and putting it to work by having it earn interest or dividends or gain value in the equities
Kisachek [45]

Answer:

Saving and investing.

Explanation:

Savings is basically putting aside current money for future use. Investing is committing money to make profit over period of time.

4 0
4 years ago
If a problem has multiple goals at different priority levels, then usually they can all be achieved.
DENIUS [597]
That statement is False.
Problem with multiple goals and priorities tend to ending up dividing the workers' focus.
This will eventually reduce the quality and efficiency of the operations and ending up in many of the goals left unfulfilled.
7 0
4 years ago
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