Utilization Is Defined as the Ratio Of

question 75

Multiple Choice

Utilization is defined as the ratio of:

• A)actual output to effective capacity.
• B)used time to available time.
• C)available time to effective capacity.
• D)effective capacity to actual output.
• E)design capacity to actual output.

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Definitions:

Promissory Estoppel

A legal doctrine preventing an individual from reneging on a promise when another person has reasonably relied on that promise to their detriment.

Gratuitous Promise

A commitment or pledge that one person makes to another without demanding or expecting anything in return, often not legally binding.

Legal Consideration

An essential element of a contract, referring to something of value promised to another when making an agreement.

Contract Was Formed

A statement indicating that an agreement meeting all legal requirements for enforceability (offer, acceptance, consideration) has been successfully established between parties.