Which of the following is (are) true about time fences in a master production schedule system?
I. Changes far out in the planning horizon can be made with little or no cost to manufacturing.
II. In the "frozen zone," capacity and materials are committed to specific orders.
III. Changes in the near future on the planning horizon are less costly to make than changes far
out.
A) I and III only
B) I and II only
C) II and III only
D) I, II, and III
E) none of the above
B
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An organization's hurdle rate should be at least equal to the organization's cost of capital
Indicate whether the statement is true or false
Often cited reasons for using off-balance-sheet financing include that this accounting technique
a. lowers the cost of borrowing and is inexpensive. b. lowers the cost of borrowing because borrowers already provide the correct information for reporting purposes. c. lowers the cost of borrowing and avoids violation of debt covenants. d. simplifies contracts and improves cash flows. e. simplifies contracts and lowers the cost of borrowing.
Syed Iqbal agrees to purchase a house on a hill overlooking a lake from Savia Jahangir for $300,000. The transaction is to close in two months
Just after the agreement is signed, the housing market increases dramatically so that the house is now worth $600,000. Syed wants the house; Savita refuses to complete the deal. Syed does locate a similar house for $600,000, although it lacks the unique view of Savita's house and is not right on the lake. Which of the following statements is true about the remedies available to Syed for breach of contract? A) Syed can seek a court order directing Savita to complete the sale. B) Syed can only purchase the replacement house and obtain an order that savita pay for the additional cost ($300,000). C) Syed can obtain an order requiring Savita to pay the entire value of the replacement house, $600,000. D) Syed can sue for both specific performance and damages of $300,000. E) Syed had a duty to mitigate his damages, so he can obtain only nominal damages from savita.
The number of customers served per unit of time is called ______.
A. service rate B. service time C. arrival rate D. interarrival rate