Challenging Engineering Problems with Detailed Answers
Which of the following statements are right and which are wrong? 1. The value of a stock variable can only be changed, during a simulation, by its flow variables. R-W 2. An inflow cannot be negative. R - W 3. The behavior of a stock is described by a differential equation. R - W 4. If A+B, both variables A and B were increasing until time t, and variable A starts to decrease at time t, then variable B may either start to decrease or keep on increasing but at a reduced rate of increase. R - W 5. If a potentially important variable is not reliably quantifiable, it should be omitted from a SD model. R - W 6. SD models are continuous models: a model with discrete functions cannot be called a SD model since it is not continuous. R - W 7. It is possible that the same real-world system element-for various levels of aggregation and time horizons of interest-is modeled as a constant, a stock, a flow, or an auxiliary. R-W 8. One should also test the sensitivity of SD models to changes in equations of soft variables, table functions, structures and boundaries. R - W 9. SD validation is really all about checking whether SD models provide the right output behaviors for the right reasons. R - W 10. If a SD model produces an output which almost exactly fits the historical data of the last50 years, , it is certainly safe to use that model to predict the outputs 20 years from today. R-W
On August 31 of this year, MFSB General Partnerships balance sheet is:AdjustedBasis FMVCash 540,000 540,000Receivables -0- 200,000Inventory 452,000 460,000Capital assets 908,000 1,300,000Total 1,900,000 2,500,000Mother, capital 475,000 625,000Father, capital 475,000 625,000Sister, capital 475,000 625000Brother, capital 475,000 625,000Total 1,900,000 2,500,000On that date, Mother sells her one-quarter partnership interest to Auntie for $750,000. Mothers outside basis is $575,000. How much capital gain and/or ordinary income will Mother recognize on the sale?
50.Which of the following shortcomings may be revealed during an IT security audit?a. whether the users are satisfied with IT services or notb. whether the firewall is tall enoughc. whether only the appropriate personnel have access to critical datad. whether the IT budget is adequate or not96What integrated set of functions defines the processes by which data is obtained, certified fit for use, stored, secured, and processed in such a way as to ensure that the accessibility, reliability, and timeliness of the data meet the needs of the data users within an organization?a. data governanceb. data managementc. data dictionaryd. relational database model98After Lindy's team improves their department's data management by implementing rigorous data management processes, _____.a. the quality of their data improves as wellb. key business decisions must be delayedc. measures to protect security are no longer requiredd. they realize that they still lack data governance109Organizations use processes, procedures, and differentiation strategies to introduce new systems into the workplace in a manner that lowers stress, encourages teamwork, and increases the probability of a successful implementation.a. Trueb. False