Which of the Following Is Not Considered to Be an Element

question 93

Multiple Choice

Which of the following is not considered to be an element of a waiting line system?

• A) the priorities used for controlling the line
• B) the customer population source
• C) the service system
• D) the arrival and service patterns
• E) the average amount of time customers spend waiting

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Definitions:

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, reflecting the usage, wear and tear, or obsolescence of the asset.

Effective Tax Rate

The average percentage that companies or individuals pay in taxes on their total income.

Goodwill

An intangible asset representing the excess of purchase price over the fair market value of identifiable assets and liabilities acquired in a business combination.

Equity Method

An accounting technique used to record investments in other companies, where the investment is initially recorded at cost and adjusted thereafter for the proportionate share of profit or loss and dividends received.