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Advantage of simulation modeling is
a. It generates an optimal solution to the problem.
b. It allows the inclusion of real-world complications.
c. It can be used in similar problem applications with only slightmodifications.
d. It forces managers to identify every single relevant variable within problem.
What is a Functional organisation? What are their strenghts and weaknesess? If oyu can name some practical examples for use of functional organisation.
Q. Define: Decision Making Decision making engages selection of best course of action among different alternatives courses of action.
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