Which of the following dispatching rules ordinarily gives the best results when the criterion is quickest time for completion of the full sequence of jobs?
A) shortest processing time (SPT)
B) critical ratio (CR)
C) first in, first out (FIFO)
D) first come, first served (FCFS)
E) longest processing time (LPT)
A
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A company's written promise to pay (in the form of a promissory note) a future amount is a(n):
A. Unearned revenue. B. Note payable. C. Account receivable. D. Credit account. E. Prepaid expense.
If sales remain the same and the margin of safety increases, which of the following is true?
A) the breakeven point has increased B) the breakeven point has decreased C) fixed costs have increased D) none of these is true
Which of the following statements is most CORRECT?
A. The primary test of feasibility in a reorganization is whether every claimant agrees with the reorganization plan. B. The basic doctrine of fairness states that all debt holders must be treated equally. C. Since the primary issue in bankruptcy is to determine the sharing of losses between owners and creditors, the "public interest" is not a relevant concern. D. While the firm is in bankruptcy, the existing management is always allowed to remain in control of the firm, though the court monitors its actions closely. E. To a large extent, the decision to dissolve a firm through liquidation or to keep it alive through reorganization depends upon the value of the firm if it is rehabilitated versus its value if its assets are sold off individually.
Loan fees that are not "points", or prepaid interest, are deductible as interest on Schedule A.
Answer the following statement true (T) or false (F)