What is the utilization rate for the mechanic?
A crew of mechanics at the Department of Transportation garage make minor repairs to snowplows during the winter. The snowplows break down at an average rate of 4 vehicles per day and breakdowns are distributed according to the Poisson distribution. The mechanic can service an average of 7 vehicles per day with a repair time distribution that approximates a negative exponential distribution. Assume an 8 hour day.
Answer: 57%
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An obligation that is contingent on the occurrence of a future event should be reported in the balance sheet as a liability if the
a. future event is likely to occur. b. amount of the obligation can be reasonably estimated. c. occurrence of the future event is at least reasonably possible and the amount is known. d. occurrence of the future event is probable and the amount can be reasonably estimated.
Most scientific reports are roughly organized ________________
a. chronologically b. alphabetically c. randomly d. numerically
"Culture does not affect leadership attributes." This statement is
A. true, because leadership traits are universal. B. false, because all cultures understand what leadership is. C. true, because leadership is a top-down concept. D. false, because traits understood as critical for leaders vary some by culture. E. true, because the desire to be led is universal.
Budgeting is the process of planning future business operations and defining those plans in a formal report
Indicate whether the statement is true or false.