______ is a dynamic sequencing rule that gives priority to those jobs that most urgently need work so that orders can be completed by the due date and shipped on schedule.
A. First come, first served
B. Shortest processing time
C. Critical ratio
D. Earliest due date
C. Critical ratio
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Discuss the three major provisions of the FLSA—minimum wage rates, overtime rates, and child labor requirements—and the penalties for misclassification of employees.
What will be an ideal response?
Assume that a time-series forecast is generated for future demand and subsequently it is observed that the forecast method did not accurately predict the actual demand
Specifically, the forecast errors were found to be: Mean absolute percent error = 10% Cumulative sum of forecast errors = 0 Which one of the statements concerning this forecast is TRUE? A) The forecast has no bias but has a positive standard deviation of errors. B) The forecast has a positive bias and a standard deviation of errors equal to zero. C) The forecast has no bias and has a standard deviation of errors equal to zero. D) The forecast has a positive bias and a positive standard deviation of errors.
Consumers are more likely to be price sensitive when
A. it is not easy to compare the prices of different goods. B. the price of the good is very low. C. the marginal cost of production is zero. D. they have many substitute ways of meeting a need. E. someone else pays the bill or shares the cost.
The fastest growing method of dispute resolution in the United States is A)arbitration
B)negotiation. C)mediation. D)litigation.