TABLE 2-5 The Following Are the Duration in Minutes of a Sample

question 147

Multiple Choice

TABLE 2-5
The following are the duration in minutes of a sample of long-distance phone calls made within the continental United States reported by one long-distance carrier.
-Referring to Table 2-5, what is the width of each class?

• A) 1 minute
• B) 5 minutes
• C) 2%
• D) 100%

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Definitions:

Costs Equals Revenues

This refers to a break-even point where the amount of money a company makes from selling goods or services equals the amount it costs to produce them.

Break-even Analysis

An examination to determine the point at which revenue received equals the costs associated with receiving the revenue.

Capacity Decision

Decision-making relating to the amount of resources, such as production volume or manpower, necessary to meet a specified demand.

Bottlenecks

Points of congestion or obstruction in a system, process, or organization where the flow is significantly slowed or stopped, leading to inefficiency or delays.