James Started a Restaurant Chain, Foodizza Inc

question 11

Multiple Choice

James started a restaurant chain, Foodizza Inc., and specifically hired unemployed youth from the ghettos in the vicinity of his restaurants, thereby providing them with means of livelihood. James is most likely to be considered a(n) _________.

• A)investment manager
• B)angel investor
• C)venture capitalist
• D)social entrepreneur

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Definitions:

Average Waiting Time

The average time an entity (customer, process, etc.) spends waiting in line or for service.

Queue

A line or sequence of people or vehicles awaiting their turn to be attended to or to proceed.

Mean Arrival Rate

The average rate at which entities arrive in a system over a specified period.

FCFS

An acronym for "First-Come, First-Served," a principle or algorithm where the first request made is the first to be attended to, commonly applied in scheduling and service systems.