Waiting Lines Cause ______ and ______ Costs

question 10

Multiple Choice

Waiting lines cause ______ and ______ costs.

• A)fixed and variable
• B)fixed and recurring
• C)tangible and intangible
• D)capacity and demand

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Definitions:

After Tax Profits

The net income a company retains after all its tax obligations have been settled.

Expected Cost

The forecasted cost of an action or decision, taking into account all known risks and uncertainties.

Expected Value

A statistical concept that calculates the average outcome of a random event when the process is repeated many times.

Wager Amount

The sum of money placed in a bet on the outcome of an event with an uncertain result.