Which of the Following Descriptions About Waiting Line Models Is

question 59

Multiple Choice

Which of the following descriptions about waiting line models is best?

• A) They account for major events such as competitor actions.
• B) They account for the random, independent behaviour of many customers.
• C) They assume that each branch can give the highest expected payoff.
• D) They deal with the certainty and stability in demand.

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Definitions:

Voting Shares

Shares of a company that grant the shareholder the right to vote on company matters.

Patent

An exclusive right granted for an invention, which allows the patent owner to exclude others from making, using, or selling the invention for a certain period of time.

Non-controlling Interest

Equity interest in a subsidiary not held by the parent company, representing a share of the subsidiary’s net assets and profits.

Voting Shares

Shares that give the shareholder the right to vote on company matters, such as elections for the board of directors; instrumental in controlling the company.