Which of the Following Is Not Considered to Be a Valid

question 52

Multiple Choice

Which of the following is not considered to be a valid performance measure of a waiting line system?

• A) the average number of customers waiting in line
• B) the customer population source
• C) the average number of customers in the system
• D) the average amount of time customers spend waiting
• E) the system utilization rate

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Definitions:

Collateral

Assets pledged by a borrower to secure a loan or other credit, and subject to seizure on default.

Precautionary Demand

The desire to hold cash or assets as a buffer against future financial uncertainties.

Emergency Needs

Financial requirements that arise unexpectedly and require immediate attention, often relating to health, home repairs, or urgent personal matters.

Chattel Mortgage

A loan arrangement in which personal movable property is used as security for the loan, and the lender holds a mortgage over the chattel.