Table J.8 Auto Data Produces Custom Engineering Testing Equipment. the Following Six

question 92

Multiple Choice

Table J.8
Auto Data produces custom engineering testing equipment. The following six jobs are currently in the design department. The time since each one arrived, the processing time, and the due date are shown below. All times are expressed in terms of days. Let now be the beginning of Day 1.

-Using the information in Table J.8 and the FCFS rule, what is the average days past due?

• A) fewer than or equal to 5.0 days
• B) greater than 5.0 days but fewer than or equal to 8.0 days
• C) greater than 8.0 days but fewer than or equal to 9.0 days
• D) greater than 9.0 days

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Definitions:

Holder in Due Course

A term in commercial law referring to an individual who has obtained a negotiable instrument in good faith and for value, and thus has certain protections against defenses and claims that could be used against the original issuer.

Forged

The act of illegally copying or creating documents, signatures, artwork, or other items with the intent to deceive or defraud.

Foreign Corporation

A corporation incorporated in one state doing business in another state. See also alien corporation.

Conditional Indorsements

Endorsements made on a negotiable instrument that specify certain conditions that must be met before the endorsement is considered valid.