Needing the Actual Time of Arrival and Actual Time of Serving

question 24

Multiple Choice

Needing the actual time of arrival and actual time of serving relates best with

• A)Fixed-time-incremental simulation
• B)Next-event simulation
• C)Random numbers
• D)Queuing formula

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Definitions:

Internal Controls

Systems and procedures implemented by a company to ensure the integrity of financial and accounting information.

Information Processing

The collection, manipulation, storage, retrieval, and classification of information.

Revenue Journal

An accounting ledger dedicated to recording sales transactions that generate revenue for a business.

Account

An accounting form that is used to record the increases and decreases in each financial statement item.