During difficult economic times, unions and management may negotiate a _____, in which the union agrees to give up previous wages or benefit gains in return for something else, such as a no-layoff policy.

The outcome of a simulation experiment is a(n)

a. objective function. b. probability distribution for one or more output measures. c. single number. d. what-if scenario.

Even though Miriam projected an annual positive cash flow, she may run out of cash if:

A) customers use debit cards for their purchases. B) her sales are seasonal. C) sales exceed her projections. D) she finds a less expensive supplier.