Examlex
Which of the following words has a suffix meaning action?
Johnson's Rule
A scheduling rule that minimizes idle time and enhances job sequencing efficiency in a manufacturing process.
Alpha
In statistics, alpha refers to the significance level used to reject the null hypothesis, often set at 0.05 or 5% risk. In finance, it represents the excess return on an investment relative to the return of a benchmark index.
Beta
A measure of the volatility or systemic risk of a security or a portfolio compared to the market as a whole.
Finite Capacity Scheduling
A method used in manufacturing to allocate plant and machinery resources effectively, planning production to meet demand within a finite or limited capacity.
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