Use the information in the preceding table and sequence the seven jobs using first come,first served (FCFS)and earliest due date (EDD).Calculate the average flow time and average past due.It is now time 5.
Definitions:
Possession
Possession refers to the state of having in one's control or ownership of property or goods, legally or factually.
Perfecting
The process of making a security interest or right legally enforceable against third parties, usually by filing a public notice.
Letter-of-credit Rights
Rights to payment under a letter of credit, which is a document from a bank guaranteeing that a seller will receive payment if certain conditions are met.
Economic Benefit
An economic benefit is a gain or advantage, usually measured in terms of money or value, received as a result of an action or transaction.
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