Average Completion Time for a Schedule Sequence at a Work

question 89

Multiple Choice

Average completion time for a schedule sequence at a work center is the ratio of:

• A) total processing time to the number of jobs.
• B) total flow time to total processing time.
• C) total flow time to the number of jobs.
• D) total processing time plus total late time to the number of jobs.
• E) total flow time plus total late time to the number of jobs.

---

Definitions:

Government

The governing body of a nation, state, or community which creates and enforces laws, manages public resources, and regulates societal functions.

Government Intervention

Actions taken by a government to affect or interfere with market activities or uphold laws for economic or social outcomes.

Markets Fail

Occurs when a market economy does not efficiently allocate resources, leading to outcomes like monopolies, public goods issues, or externalities.

Efficient Allocation

The distribution of resources in a way that maximizes the net benefits to society or the economy.