Johnson's Rule, a Priority Rule Used in Sequencing Production Jobs

question 91

True/False

Johnson's rule, a priority rule used in sequencing production jobs, is used only in production situations where we are dealing with one machine or one stage of production activity.

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Definitions:

Maker

One who promises to pay a certain sum to the holder of a promissory note or certificate of deposit (CD).

Drawer

In banking and finance, the person who writes or issues a cheque, telling the bank to pay the specified amount from their account.

Promissory Note

A written promise made by one person (the maker) to pay a fixed sum of money to another person (the payee or a subsequent holder) on demand or on a specified date.

Specific Payee

The designated individual or entity to whom a particular payment is directed or made.