What Are the Basic Elements of a Waiting Line? Define

question 52

Essay

What are the basic elements of a waiting line? Define each.

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Definitions:

Eliminate

To completely remove or get rid of something, such as expenses, debts, or items from a list or inventory.

Average Daily Float

The average amount of uncollected funds in a bank account over a specified period.

Cheques

A document that orders a bank to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued.

Collection Delay

The period between when a company invoices its customers and when it actually receives payment, affecting the company's cash flow.