A Finite Population Waiting Line Model Has an Average Service

question 108

Multiple Choice

A finite population waiting line model has an average service time T of 100 minutes and an average time between service requirements U of 400 minutes.What is the service factor X?

• A)0.20
• B)0.25
• C)4
• D)5
• E)300 minutes

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Definitions:

Goodwill

An intangible asset that represents the excess value of a company's fair market value over the net assets of a business it acquires.

Impairment

The diminution in the recoverable value of an asset below its carrying amount, reflecting a decline in the quality, quantity, or market value of the asset.

AASB 136

The Australian Accounting Standards Board standard on impairment of assets, providing guidelines on how an entity should test for and recognize impairment.

AASB 136

The Australian Accounting Standards Board standard related to the impairment of assets, requiring testing for impairment to ensure asset values are not overstated.