LIFS (Last-In, First-Served) Is a Common Queue Discipline, Most Often

question 40

True/False

LIFS (last-in, first-served) is a common queue discipline, most often seen where people, not objects, form the waiting line.

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Definitions:

Outputs

Outputs are the goods or services produced by a company or an economic system as a result of its inputs and processes.

Controllable Variance

The portion of variance that can be directly managed or influenced by a manager, often related to costs within a specific period.

Variable Overhead

Costs that fluctuate with the level of output or production activity, such as utilities for a manufacturing line.

Budgeted Variable Overhead

Estimated costs related to variable overhead that are planned or expected for a specific period in the budgeting process.