7. Which of the following statements regarding simulations are true?

simulations need to reflect the real business environment

simulations can be used in forecasting

none are true

simulations can be physical or mathematical

all are true

Monte Carlo simulations are chance based

8. The key objective of a human resource strategy is to:

all of these

implement a "hire and fire" policy

none of these

protect management from lawsuits.

pay the lowest wages possible

9. The Hard Rock Cafe is an example of organization that hires the best qualified not the best available:

True

False

10. The Hard Rock Cafe has a very unique culture that would be a perfect fit for someone who likes discipline, order, and structure:

False

True

11. The Ritz Carlton organization is a perfect example of a "command and control" managerial style:

True

False