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Exhibit 12.5 The Following Questions Use the Information Below

question 47

Multiple Choice

Exhibit 12.5
The following questions use the information below.
The owner of Sal's Italian Restaurant wants to study the growth of his business using simulation. He is interested in simulating the number of customers and the amount ordered by customers each month. He currently serves 1000 customers per month and feels this can vary uniformly between a decrease of as much as 5% and an increase of up to 9%. The bill for each customer is a normally distributed random variable with a mean of $20 and a standard deviation of $5. The average order has been increasing steadily over the years and the owner expects the mean order will increase by 2% per month. You have created the following spreadsheet to simulate the problem.
-A barber shop has one barber, a Poisson arrival rate and exponentially distributed service times. What is the Kendall notation for this system?

Understand the importance of sustainability in business practices and its integration with profitability.

Recognize the value of analyses and reports in revealing a firm's environmental and societal impacts.

Identify management accounting techniques relevant to EMA and their application in environmental planning and control.

Understand the concept of human capital and its significance within the framework of environmental management and accounting.

Definitions:

Piliavin

A reference to Irving Piliavin, a social psychologist known for his research on prosocial behavior, including the bystander effect.

Prosocial Behaviour

Actions intended to benefit others, including behaviors like helping, sharing, and comforting.

Self-Interest

The pursuit of personal advantage, benefit, or well-being, often regarded as a primary motivator in human behavior.

Perspective Taking

The act of viewing situations or understanding concepts from an alternative point of view.