You Need to Evaluate 3 Service Providers,A,B,and C

question 26

Multiple Choice

You need to evaluate 3 service providers,A,B,and C.Their mean times between failures are 65,75,and 80 hours respectively.Their mean times to repair are 3,2,and 1 hours respectively.However,you receive a report that the mean time to repair for provider C is actually larger than 1 hour.What is the maximum value of the mean time to repair of provider C that would make you choose provider C?

• A)2.1155
• B)2.1355
• C)2.1455
• D)2.1555

Examine how consensus crimes are defined across different societies and times, and the rationale behind these definitions.

Understand the concept and components of trade credit, including free and costly trade credit.

Comprehend the techniques for managing and financing working capital, including the use of marketable securities.

Recognize the cost implications of offering trade credit discounts and the use of stretching accounts payable.

---

Definitions:

Large Batch Sizes

The production process strategy that involves manufacturing goods in large quantities to achieve economies of scale but may increase inventory holding costs.

Lead Time

Lead time refers to the period between the initiation and completion of a process, such as the time taken from placing an order to delivery or the duration of manufacturing a product.

Reducing Wait Time

Strategies and measures implemented to decrease the amount of time customers or users wait for service or product delivery.

Reducing Inventory

The process of decreasing the amount of goods on hand, often to improve cash flow or reduce storage costs.