Explain the Main Differences Between a Short-Term and Long-Term Scheduler

question 29

Essay

Explain the main differences between a short-term and long-term scheduler.

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Definitions:

Own Boss

A term used to describe an individual who runs their own business, making decisions independently and being responsible for its success or failure.

Job Security

The probability or likelihood that an individual will retain their job without the risk of becoming unemployed.

Financial Institution

An establishment that conducts financial transactions such as investments, loans, and deposits.

Layoffs

The act of temporarily or permanently dismissing employees usually due to economic downturns or business restructuring.