Little's Law Is NOT Applicable in Which of the Following

question 33

Multiple Choice

Little's Law is NOT applicable in which of the following situations?

• A) the opening of a toy store on Black Friday morning
• B) a 24-hour supermarket
• C) a gas station with 24-hour self-service pumps
• D) B and C
• E) It is applicable to A, B, and C.

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Definitions:

Quasi-contract

An obligation imposed by law to prevent unjust enrichment, where there is no actual contract between the parties.

Fair Market Value

Refers to the price at which an asset would trade in a competitive auction setting, reflecting its value in the eyes of both buyer and seller.

Damages

Compensation sought by or awarded to a party in a lawsuit for losses or injuries incurred due to another party's actions or negligence.

Pleasure Marriage

A temporary marriage contract, recognized in some cultures or religions, primarily aimed at legalizing sexual relations for a determined period.