Determining the duration of the simulation occurs before the model is validated and tested

The accounting break-even point is that level of sales where:

A) EBIT equals zero. B) sales revenue equals variable plus fixed costs. C) sales revenue equals variable costs. D) EBIT equals depreciation expense, and, thus cash flow equals zero.

When would be the best time for a firm to enter a foreign market as an exporter?

A) given a change in real exchange rates, when foreign currencies are weak B) given a change in real exchange rates, when foreign currencies are strong C) given no change in real exchange rates, when foreign currencies are weak D) given no change in real exchange rates, when foreign currencies are strong