Using certain standardized and generally accepted principles, an accountant prepares financial statements that recognize revenue at the point of sale and expenses when incurred

Setting up a probability distribution, building a cumulative probability distribution, and generating random numbers are:

A) necessary when the underlying probability distribution is normal. B) three of the five steps in Monte Carlo simulation. C) elements of physical simulation but not mathematical simulation. D) the elements of the threefold idea behind simulation. E) advantages of simulation.

If a buyer is unhappy with their purchase decision, what are they more likely to do than those who are happy with their purchase decision?

A) Use a different decision-making process. B) Continue to purchase the same product until a replacement is found. C) Tell others. D) Rely more on rational motives. E) Develop a more limited evoked set of purchase options.