TECO Coal Corporation mines and ships more than six million tons of coal annually. TECO is comprehensively regulated by the U.S. Bureau of Mines. The U.S. Bureau of Mines may conduct a surprise inspection of one of TECO's mines
a. only if it has a search warrant.
b. only if it has a subpoena.
c. only if it has reason to believe a violation of a regulation has occurred.
d. without a search warrant to ensure safety.
d
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Since the business environment involves considerable uncertainty, a manager cannot use modeling to estimate the risks resulting from specific actions
Indicate whether the statement is true or false
Which of the following statements are true?
a. The @RISK contains a number of functions such as RISKNORMAL and RISKDISCRETE that make it easy to generate observations from the most important probability distributions. b. You can specify any cell or range of cells in your simulation model as output cells. When you run the simulation, @RISK automatically keeps summary measures (averages, standard deviation, percentiles, and others) from the values generated in these output cells across the replications. c. @RISK has a special function, RISKSIMTABLE, which allows you to run the same simulation several times, using a different value of some key input variable each time. d. All of these statements are true.