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The simulation vs emulation distinction wasn't just Univac
All the vendors used it - especially IBM. I was amused by the idea that Wikipedia might be a reference for a 1970s computing environment. However, in that spirit, let me reference: IBM pioneered the use of microcode emulation, in the form of ROM and SPICE (Simulation Program ...) which clearly suggests that software makes a simulator, not an emulator. [I think the correct emoticon at this point is :-) ]
My MojoPac confusion was the perhaps mind-boggling array of USB options for launching it. Maybe you are used to applications launched from an external device - the only one I've used was the installer on my portable disk drive.