Figure 5.1 the Figure Above Shows the Process for Paying Tuition at Process

question 80

Multiple Choice

Figure 5.1

The figure above shows the process for paying tuition at a major university. Students receive their bill, for the next term, for review. They are directed to different tables for clarifications, before being asked to pay their tuition at E. The numbers in parentheses are the time in minutes for each step of the process.
-Use the information in Figure 5.1. What is the capacity for the A-B-D-E process route?

• A) 10 students per hour
• B) 6 student per hour
• C) 3.5 students per hour
• D) 2.9 students per hour

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Definitions:

Money Supply

At any specified time, the overall financial assets available in an economy, covering cash, coins, and the balances in checking and savings accounts.

Output

The amount of goods or services produced by a company, industry, or economy within a specific period.

Long-run Phillips Curve

An economic concept illustrating that in the long-term, there is no trade-off between inflation and unemployment, suggesting that the natural rate of unemployment is unaffected by inflation.

Money Supply Growth Rate

The rate at which the total amount of money available in an economy increases over a specific period.