In queueing theory, ______ means that the number of customers or objects in a waiting line system is the same as the number of customers or objects leaving the system--the arrival rate is equal to the service rate.

A. equilibrium
B. steady state
C. FIFO state
D. stable state


B. steady state

Business

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In most large organizations, the journal voucher file has replaced the formal general journal

Indicate whether the statement is true or false

Business

Successful transnational teams tend to:

a. treat all members similarly by ignoring cultural differences. b. spend more time initially developing social relations. c. spend more time initially defining team projects and goals. d. avoid face-to-face meetings.

Business

Ashley would like to propose to the board of directors of Mountain Corporation that it distribute eight percent of its pre-tax yearly income to provide housing to homeless veterans. To Milton Friedman, Ashley's proposal would be considered unethical, because it violates the purpose for which the corporation was established

Indicate whether the statement is true or false

Business

HP Computers is a nationally recognized manufacturer of computers for the small business and home markets. If HP were to order one of its wholesalers not to carry any computer products other than those made by HP, this arrangement would be called

A. a tying contract. B. refusal to deal. C. a restricted sales territory. D. a restricted channel. E. exclusive dealing

Business