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1.How has technology, changed the way target cash balances are set? 2. Explain how 'Monte Carlo Simulation', can be used to help set a firms

1.How has technology, changed the way target cash balances are set?

2. Explain how 'Monte Carlo Simulation', can be used to help set a firms target cash balance?

3. What is the 'Baumol model', and how is it used?

4. Why is quality especially important if a Just in Time (JIT), system is used?

5. Describe the relationship between production scheduling and inventory levels?

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