Simulation is a statistics-based approach used in capital budgeting to get a feel for risk by applying predetermined probability distributions and random numbers to estimate risky outcomes

Sets of behaviors that are expected of occupants of a specific position are called _____.

Fill in the blank(s) with the appropriate word(s).

In practice, the services of a broker on behalf of her principal are defined as all of the following, except:

A: An agency relationship; B: A fiduciary relationship; C: An attorney in fact relationship; D: A broker/client relationship