List the major disadvantages of simulation techniques
What will be an ideal response?
Good models can be expensive; models do not generate optimal solutions; humans must generate conditions and constraint information for solutions; and each simulation is unique—implying that its solutions and inferences are not usually transferable to other problems.
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Which one of the following is a correct statement with regard to mark-sense forms?
A. Information is entered on the forms by means of a magnetic typewriter ribbon. B. They are best used for numerical data as opposed to alphabetic data. C. Mark-sense forms do not require close alignment when being processed. D. Mark-sense forms can accommodate handwritten numbers and letters.
One bank offers you 4% interest compounded semiannually. What would the equivalent rate be if
interest were compounded quarterly? A) 3.98% B) 1.00% C) 3.96% D) 3.92%