Which one of the following statements regarding simulation analysis is FALSE?
A) Simulation analysis is a form of hypothesis testing.
B) In simulation, dependent variables reflect the values of both the decision variables and the uncontrollable variables.
C) Statistical methods require the replication of simulation runs.
D) Each time a simulation model is run for a given set of decision variables, the same random numbers must be used.
D
Business
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A) Direct-cost B) Full-cost C) Traceable-cost D) Activity-based costing E) Fixed cost
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