Queuing Discipline Refers to

question 46

Multiple Choice

Queuing discipline refers to

• A) the reason waiting occurs in underloaded systems.
• B) the willingness of customers to wait in line.
• C) the order in which customers are processed.
• D) how constant the interarrival times are.

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Definitions:

Rationing Function

The process by which scarce goods and services are distributed among competing users.

Price Ceiling

A legally established maximum price for a good, or service. Normally set at a price below the equilibrium price.

Legal Price

A price set by law or regulation, typically to prevent prices from being too high or too low in a market.

Equilibrium Price

The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers, resulting in a stable market condition.