A Job Has 5 Days of Processing Time Left to Do

question 6

Multiple Choice

A job has 5 days of processing time left to do before completion and today is the 10th day of the month.If the job is due on the 14th day of the month, what is its critical ratio?

• A)5
• B)2
• C)0.8
• D)0.5
• E)0.1

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Definitions:

Perfectly Competitive

In a perfectly competitive market, there are many buyers and sellers, the products are homogenous, and no single entity can influence the market price.

Demand Rises

Occurs when there is an increase in the quantity of a good or service that consumers are willing and able to purchase at a given price.

Economic Profit

The disparity measure in between overall returns and full expenses, including both exposed and indirect costs.

Market Supply

The total amount of a product that sellers are willing and able to sell across all relevant price levels within a given market.