The idea behind simulation is threefold:
1. to imitate a real-world situation mathematically, 2. then to study its properties and operating characteristics, and 3 . finally to draw conclusions and make action decisions based on the results of the simulation.
TRUE
Business
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Which one of the following is the quoted price of a bond?
A. Parvalue B. Discount price C. Face value D. Dirtyprice E. Clean price
Business
________ is the operations management challenge that moves more decision making to the individual worker
Fill in the blanks with correct word
Business