First-Come, First-Served Is an Unbiased Priority Rule

question 44

True/False

First-come, first-served is an unbiased priority rule.

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Definitions:

Promised

A declaration or assurance that one will do a particular thing or that guarantees a certain outcome or condition.

Assignee

A person or entity to whom rights or interests are transferred by another, the assignor.

Assigned Rights

Rights that are transferred from one party to another, often in the context of contracts.

Creditor Beneficiary

A third party that benefits from a contract between two other parties, where the promisor agrees to pay a debt that the promisee owes to the third party.