Which of the Following Is Most Likely to Violate a FIFO

question 44

Multiple Choice

Which of the following is most likely to violate a FIFO queue?

• A)supermarket with no express lanes
• B)car repair garage
• C)emergency room
• D)fast-food restaurant
• E)All of the above are equally likely to violate a FIFO queue.

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Definitions:

Decrease in Demand

A downward shift in the demand curve, indicating that consumers are willing to purchase less of a good or service at each price point.

Resource Prices

Refers to the costs associated with inputs used in the production of goods or services, such as raw materials, labor, and capital.

Market Demand

The total quantity of a product or service that all consumers in a market are willing and able to purchase at various prices.

Increases

This term refers to a situation where a quantity or quality of something goes up or becomes more.