First-Come-First-Served Is an Example of A(n)

question 38

Multiple Choice

First-come-first-served is an example of a(n) :

• A)​queue discipline
• B)​unfair waiting policy
• C)​channel queuing arrangement
• D)​single-phase queue design

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Definitions:

Break Even

Break even refers to the point at which total revenues equal total costs, meaning that a business or project is neither losing nor making money.

Fixed Costs

Fixed costs are business expenses that remain constant regardless of the level of production or business activity.

Marginal Costs

The additional cost incurred from producing one more unit of a good or service.

Break Even

The point at which total costs and total revenue are equal, resulting in no net loss or gain for a business.