One reason for using simulation rather than an analytical model in an inventory problem is that the simulation is able to handle probabilistic demand and lead times.

Classical management strategies generally require a reward system that focuses on task behaviour.

Which statement is true regarding the market portfolio?I) It includes all publicly traded financial assets.II) It lies on the efficient frontier.III) All securities in the market portfolio are held in proportion to their market values.IV) It is the tangency point between the capital market line and the indifference curve.

A) I only
B) II only
C) III only
D) IV only
E) I, II, and III

Prepare the necessary general journal entry for July 25.
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A business school dean meets with a local mayor to secure a permit to allow the university to expand. Which of Henry Mintzberg's three management roles does this scenario best fit?

A) informational
B) interpersonal
C) socializing
D) decisional

Which of the following is true regarding an agent's liability when a third party obtains a judgment against a previously undisclosed principal?

A) The agent is freed from liability to the third party.
B) The agent remains liable to the third party.
C) The agent is freed from liability to the third party unless the principal refuses to pay.
D) The agent is freed from liability to the third party unless the principal files for bankruptcy.
E) The agent is freed from liability to the third party unless a contract for personal service was involved.