All of the Following Are Examples of a First-Come, First-Served

question 47

Multiple Choice

All of the following are examples of a first-come, first-served system of allocation except:

• A) medical care
• B) classes at school
• C) access to highways
• D) tickets to concerts
• E) All of these are examples allocated by a first-come, first-served system.

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Definitions:

Credit Periods

The time frame allowed by a seller for a buyer to pay for goods or services received, usually measured in days.

Auto Parts Stores

Retail outlets that specialize in selling parts and accessories for automobiles, trucks, and other vehicles.

Florists

Businesses or individuals specializing in arranging and selling flowers and ornamental plants.

Receivable

An amount of money owed to a company by its customers or clients for goods or services delivered but not yet paid for.