Briefly describe the relative advantages and disadvantages of the various dispatching rules listed in the textbook. Why might a firm wish to choose one rule over another?
What will be an ideal response?
A successful answer should indicate that the various rules tend to have better performance depending on the objective that is important to a firm. The answer may also indicate that rules such as FCFS, which is a popular rule, may not have strong performance.
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A construction company that builds skyscrapers is likely to have an operating cycle longer than one year
a. True b. False Indicate whether the statement is true or false
The jobs at Acme Global are very standardized. Each job has a clear job description and there are many policies, procedures, and rules for employees to follow. This creation of a routine way of doing jobs suggests that Acme Global has a high degree of ______ in its structure.
A. centralization B. spatial differentiation C. formalization D. horizontal differentiation
The New Age Gallery has three admission prices for students, adults, and seniors, even though all three groups are entitled to the same services. This form of pricing is called ________ pricing
A) psychological B) product form C) customer-segment D) captive product E) by-product
The Supplies on Hand account balance at the beginning of the period was $6,600 . Supplies totaling $12,825 were purchased during the period and debited to Supplies on Hand. A physical count shows $3,825 of Supplies on Hand at the end of the period. The proper journal entry at the end of the period
a. debits Supplies on Hand and credits Supplies Expense for $9,000. b. debits Supplies Expense and credits Supplies on Hand for $12,825. c. debits Supplies on Hand and credits Supplies Expense for $15,600. d. debits Supplies Expense and credits Supplies on Hand for $15,600.