The Manager of a Branch Bank Wants to Build a Simulation

question 2

Multiple Choice

The manager of a branch bank wants to build a simulation model of the lobby operation to reduce the waiting time of her customers.The number of customers arriving at any point of time is an example of

• A) a decision variable.
• B) an uncontrollable variable.
• C) a time-compressed variable.
• D) a dependent variable.

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Definitions:

Matrix Structures

An organizational structure that combines two or more types of departmentalization, for example, functional and product, leading to dual reporting relationships for some employees.

Aerospace Industry

A sector that involves the research, development, and manufacture of flight vehicles, including aircraft and spacecraft.

Decentralization

The distribution of decision-making powers away from a central authority within an organization to lower-level personnel or departments.

Standardization

The degree to which the range of actions in a job or series of jobs is limited.