Four of the most widely used waiting line models–M/M/1 or A, M/M/S or B, M/D/1 or C, and Finite population or D—all share three characteristics: Poisson arrivals, FIFO discipline, and exponential service times
Indicate whether the statement is true or false
FALSE
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Chris and Pat are a recently married couple who are living together for the first time. Pat is concerned with establishing retirement and savings accounts ASAP and then creating a 5-year plan. Chris is would like to be more spontaneous right now, especially if the two are going to have children one day. Which dimension of culture are they dealing with?
A. long-term and short-term orientation B. masculinity-femininity C. uncertainty avoidance D. power distance
The Sahara Company purchased equipment on January 1, 2015, for $100,000. The equipment had an estimated residual value of $10,000, an estimated useful life of five years, and estimated lifetime output of 18,000 units. In 2016, the company produced 4,400 units and recorded depreciation expense of $22,000. What depreciation method did the company use?
A) straight-line method B) sum-of-the-years'-digits method C) double-declining-balance method D) units-of-output method
Which of the following is not an acceptable inventory costing method?
a. Specific identification b. Last-In, First-Out (LIFO) c. First-In, First-Out (FIFO) d. Average cost e. Next-In, First-Out (NIFO)
The disadvantage of product sales organization is
A. there is a larger cost for sales since this method is chosen for products that inherently have little or no product variation. B. it increases the number of salespersons in the salesforce since most product sales organizations are based around standard rebuys. C. significantly maximizes travel time, expenses, and duplication of selling effort from one territory to another. D. produces high administration costs and duplication of selling effort because two company salespeople may call on the same customer. E. increases the requirement for more sales managers since the salesforce is paid strictly on commission, which acts as a significant self-motivator.