Question 20

What is true of the financial breakeven point?

A

Total capacity equals total expenditures.

b

Total capacity equals total revenue.

c

Total revenue equals total resources.

d

Total revenue equals total expenses.

Question 21

In the language of queuing theory, what occurs when a unit waiting in line for service decides that the wait is too long and leaves the line?

a

reneging

b

rescinding

c

repudiating

d

recounting

Question 25

In the single server single channel queue theory models, the closer μ is to λ, which will be higher?

a

W

b

L

c

Po

d

Pq

Question 5

Generally, the error inherent in judgment forecasting is considered to be what?

a

small

b

moderate

c

large

d

avoidable

Question 14

What is the fundamental mathematical principal behind regression?

a

algebraic linearity

b

exponential smoothing

c

parabolic forecasting

d

non-linear estimation

 
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