At an automatic car wash, cars arrive randomly at a rate of 7 every 30 minutes. The car wash takes exactly 4 minutes (this is constant). On average, how long would each driver have to wait before receiving service?
A) 28 minutes
B) 32 minutes
C) 17 minutes
D) 24 minutes
E) None of the above
A
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Which of the following systems are used to determine when the order point is reached?
I. Two-bin system II. Perpetual inventory system III. Periodic inventory system IV. Safety stock system A) All are used to tell when the order point is reached. B) I and III only are used. C) I and II only are used. D) I, II and III only are used. E) II and III only are used.
Detta borrows $20,000 from the bank. For a five-year loan, the bank requires annual end-of-year payments of $4,878.05. The annual interest rate on the loan is ________
A) 6 percent B) 7 percent C) 8 percent D) 9 percent
If we were to select the appropriate discount rate for a project, this rate would reflect ________
A) the risk-free rate for the currency picked for the project B) the inflation rate for the currency not picked for the project C) the default premium for the currency picked for the project D) the inflation rate for the currency picked for the project
The pattern or practice of discrimination cases: A) requires proof of intent to discriminate
B) places the burden of proof on the employer. C) often involves statistical comparisons of the general population and the employer's work force. D) None of the above