A simulation model extends spreadsheet modeling by
a. extending the range of parameters for which solutions are computed.
b. using real-time values for parameters from the application to formulate solutions.
c. replacing the use of single values for parameters with a range of possible values.
d. using historical data to make predictions about future values and expected trends.
c
RATIONALE: A simulation model extends spreadsheet modeling by replacing the use of single values for parameters with a range of possible values.
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a. John D. Rockefeller, Jr. b. Karl Marx c. Henry Ford d. Milton Friedman e. Frederick Taylor
The entry to record a purchase of $12,000 in merchandise assuming terms of 2/10, n/30 and a periodic inventory system would include a(n)
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