Using the Random Order or "Whim" Priority Rule to Sequence

question 37

True/False

Using the random order or "whim" priority rule to sequence production jobs means that supervisors select whichever job they feel like running first.

---

Definitions:

Percentage Change

A mathematical calculation that indicates the degree of change over time, expressed as a percentage.

Price Elasticity

A gauge for the reaction of the amount of a good sought after to a price modification of that good.

Price Change

A variation in the cost of goods or services over time, which can be influenced by factors such as supply and demand.

Midpoint Method

A technique for calculating the percentage change in a variable, which averages the initial and final values to compute elasticity.