The auditor's report refers to the US GAAP-based financial statements which are customarily considered to be included the balance sheet and the statements of

What do you see as pros and cons of outsourcing in the business simulation?

a. Outsourcing involves contracting certain activities to outside specialists who have added resources and expertise. b. Outsourcing increases a company's risk exposure to changing technology and reduces a company's flexibility. c. The rule of outsourcing is that if outside specialists can perform a task better, companies should think of merging or acquiring the outside specialist. d. A risk of firms who outsource to outside specialists is a slower time to market allowing competitors to grab a larger market share

Which of the following is true about a dynamic simulation model?

a. A dynamic simulation model represents the system at a given point in time. b. A dynamic simulation model is also known as Monte Carlo simulation model. c. A dynamic simulation model is used to decision-making under uncertainty. d. All of the above