Suppose that a fast food restaurant wants the average line to be 4 customers and that 80 customers arrive each hour. How many minutes will the average customer be forced to wait in line?

What will be an ideal response?


Little's Law: 4 customers = (80 customers/hour)(X hours wait)
X = .05 hours = 3 minutes average wait

Business

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By adapting its products to fit a more culturally diverse group of consumers, Hallmark Cards, Inc has demonstrated the need to analyze its audience

Indicate whether the statement is true or false

Business

A(n) ________ partnership has one general partner, who is responsible for managing the business, and one or more partners, who invest in the partnership but do not participate in its management and whose liability is restricted to the amount of

capital they contribute. A) active B) limited C) unlimited D) nominal

Business

Which of the following descriptions is an adequate legal description for a valid deed?

A) "All my real estate" B) "That part of my farm that includes the Welby Pond" C) "228 East Gary Circle, Brisbane, MN" D) "The fenced in area that I own in Laramie County, WY" E)?None of the above is a sufficient legal description

Business

In Audi AG v. D'Amato the appeals court held that Audi's name suffered dilution by D'Amato's use of the name Audi in his website advertising

a. True b. False Indicate whether the statement is true or false

Business