Customers arrive at a music store at an average of 1 per minute (Poisson arrivals). The service rate is 15 customers per hour (exponential service times)
What is the minimum number of servers needed to keep the waiting time in the system under 5 minutes?
A) 4
B) 5
C) 6
D) 7
Answer: B
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When diplomacy is called for, what writing style would be most appropriate?
A) Active voice B) Intimacy C) Passive voice D) Obsolete language E) Conversational tone
There can be ratification of an act done in the name of a corporation that was not in existence when the act was done.
Answer the following statement true (T) or false (F)
Ev-R-Green Co, a private corporation, decides to sell substantially all of the company's assets. Under the Model Act and many state statutes
a. the sole remedy for dissenting shareholders is to sell their stock on the stock exchange. b. the board must first get unanimous shareholder approval for this fundamental change. c. Ev-R-Green must buy back, at fair value, the stock of any shareholders who object to the decision. d. the company may buy back, at fair value, the stock of any shareholders who object to the decision or the shareholders who object may receive the right of first refusal to purchase corporate assets.
Managers at Sandburg Real Estate are surprised to hear that interest rates are likely to remain low for the next six months. Which of the following is an implication of low interest rates?
A. Consumer demand will increase. B. Economic growth rate will fall. C. Cost of capital for firms will be high. D. Firms will invest less in future growth.