Question 20
What is true of the financial breakeven point?
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A |
Total capacity equals total expenditures. |
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b |
Total capacity equals total revenue. |
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c |
Total revenue equals total resources. |
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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 |
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c |
repudiating |
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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 |
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c |
Po |
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d |
Pq |
Question 5
Generally, the error inherent in judgment forecasting is considered to be what?
a |
small |
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b |
moderate |
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c |
large |
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d |
avoidable |
Question 14
What is the fundamental mathematical principal behind regression?
a |
algebraic linearity |
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b |
exponential smoothing |
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c |
parabolic forecasting |
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d |
non-linear estimation |