Which of the Following Scheduling Rules Gives Priority to Jobs

question 42

Multiple Choice

Which of the following scheduling rules gives priority to jobs that must be done to keep shipping on schedule and tends to perform better on the average job-lateness criterion?

• A) SPT
• B) LPT
• C) EDD
• D) FCFS
• E) critical ratio

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Definitions:

Inventory Valuation Method

The approach used to assess and report the value of a company's inventory, including methods such as FIFO (First In, First Out), LIFO (Last In, First Out), and average cost.

Financial Reports

Documents that provide an overview of a business's financial condition, including balance sheets, income statements, and cash flow statements.

Periodic Inventory System

An inventory accounting system where updates to inventory levels are made periodically, often at the end of an accounting period, rather than continuously.

Specific Invoice Method

Valuing of inventory where each item is identified with a specific invoice.