Latin Hypercube sampling differs from Monte Carlo Sampling in that Latin Hypercube sampling ________
A) selects random variates independently over the entire range of possible values
B) is a part of the Crystal Ball suite
C) is more representative of reality than Monte Carlo sampling
D) results in a more even distribution of forecast values than Monte Carlo sampling
D
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Countries with ________ economies consist mostly of households with very low family incomes
A) industrial B) industrializing C) raw material exporting D) emerging E) subsistence
Area knowledge refers to the idea that managers must ________
A) understand the cultural, commercial, social, and economic conditions in each host country in which the firm does business B) be aware of the competitive forces that have implications for global strategy in each market C) comprehend features such as technological trends, customers needs, and competitive forces affecting the goods the firm produces D) have access to coworkers with expertise in basic business functions such as production, marketing, finance, accounting, human resources management, and information technology