On average, how many people are either waiting in line or currently being served?
What will be an ideal response?
Answer: The average number of people in the entire system is 1.74; 0.24 of them are in line and 1.5 being served.
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Aggressive assertiveness is appropriate in all situations.
Answer the following statement true (T) or false (F)
A high accounts receivable turnover ratio could mean that the company's credit policies may be too stringent
a. True b. False Indicate whether the statement is true or false
Using the fixed-time-period inventory model, and given an average daily demand of 15 units, 3 days between inventory reviews, 1 day for lead time, 30 units of inventory on hand, a service probability of 98 percent, and a standard deviation of daily demand is 3 units, which of the following is the order quantity?
A. About 36.3 B. About 56.8 C. About 42.3 D. About 59.8 E. About 30.4
TQM ______.
A. is a quick fix B. is costless because quality is free C. may take several years to implement fully D. is required to meet ISO certification standards