The Owner/operator of the Local Franchise of Handyman, Inc

question 98

Multiple Choice

The owner/operator of the local franchise of Handyman, Inc., has four jobs to do today, shown in the order they were received:

If he uses the shortest processing time first priority rule to schedule these jobs, what will be the average job tardiness?

• A)0 hours
• B)1.5 hours
• C)1.75 hours
• D)2 hours
• E)2.25 hours

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Definitions:

Contingent Liability

A potential obligation that may arise depending on the outcome of a future event or set of circumstances.

Deferred Tax Liability

This is a tax obligation due in the future for income already recorded in the financial statements, resulting from temporary differences between accounting and tax treatments.

Goodwill

The excess amount paid over the fair value of net assets acquired in a business combination, representing intangible assets such as brand reputation or customer relationships.

Future Costs

Expenses that are expected to be incurred in the future, which can include operational expenses, capital expenditure, or other financial liabilities.