A Major Difference Between Manufacturing and Service Systems in Terms

question 6

Multiple Choice

A major difference between manufacturing and service systems in terms of scheduling is

• A)variability in arrival and service rates.
• B)processing cost per unit.
• C)the number of units to be processed.
• D)length of processing time.
• E)output rate.

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Definitions:

Reasonable Assurance

A level of confidence or certainty in the effectiveness of an organization's controls, processes, or systems, without guaranteeing absolute assurance.

Vulnerabilities

Weaknesses in a system or security setup that can be exploited by threats.

Customer's Note

It is a formal promissory note or debt instrument where the customer promises to pay a specific sum of money to the issuer, often used in business as a form of short-term financing.

Bank Statement Adjustment

The process of amending the balance in a company's record of its bank account to match the balance reported on the bank statement, often involving adding or subtracting items like checks or bank charges.