Explain how waiting lines can develop even when the service time is a constant
What will be an ideal response?
The arrival rates, being random, may exceed the service rates for short periods of time, thus causing lines to form.
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Which of the following statements is true?
a. In a pre-billing system, invoices are prepared after the goods have been shipped and the sales order notification has been matched to the shipping's billing notification. b. In a post-billing system, invoices are prepared upon acceptance of the customer order. c. Of the two types of billing systems discussed in the text, the pre-billing system requires the more accurate inventory records. d. Of the two types of billing systems discussed in the text, the pre-billing system is appropriate in situations where there is a significant delay between acceptance of the customer's order and the subsequent shipment.
In terms of the Leadership Grid, which leadership style would be most difficult to change? Support your answer.
What will be an ideal response?
Auditors generally consider the evidence regarding accounts payable in the client's possession as less reliable than that for accounts receivable.
Answer the following statement true (T) or false (F)
Tyche Inc., an electronics manufacturer, wants to assess future revenues and profit streams from each of its customers. It is focusing on the satisfaction and retention of its more profitable customers instead of spending its marketing efforts on attracting uninterested customers. Tyche is using ________ as a measure of effectiveness.
A. breakeven point B. Consumer Worth Evaluation C. Customer Lifetime Value D. Customer Profitability Estimation E. cost per order