A Waiting Line, or Queuing, System Has Three Parts, Which

question 126

Multiple Choice

A waiting line, or queuing, system has three parts, which are

• A) distribution of arrival times, discipline while waiting, and distribution of service times
• B) arrival rate, service rate, and utilization rate
• C) arrival discipline, queue discipline, and service sequencing
• D) arrival or inputs, queue discipline or the waiting line itself, and the service facility
• E) sequencing policy, penalty for reneging, and expediting of arrivals

---

Definitions:

Overhead Costs

Indirect expenses related to the day-to-day running of a business, not directly tied to specific product or service production.

Variable Costing

An accounting method that includes only variable production costs (materials, labor, and overhead) in product costs and treats fixed overhead costs as period costs.

Absorption Costing

An accounting method that incorporates all direct and indirect manufacturing costs into the cost of a product.

Net Profit

The total earnings of a company after subtracting all expenses, including taxes and operating costs, from its total revenues.