Which Part of a Waiting Line Has Characteristics That Involve

question 71

Multiple Choice

Which part of a waiting line has characteristics that involve statistical distribution?

• A) arrivals or inputs
• B) waiting line itself
• C) service facility
• D) arrivals or inputs and service facility
• E) arrivals or inputs, waiting line itself and service facility

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Definitions:

Periodic

Relating to or occurring at regular intervals; in accounting, it may refer to methods or adjustments made at regular intervals, such as the Periodic Inventory Method.

Inventory Method

An accounting approach used to value inventory, including procedures like First-In, First-Out (FIFO) or Last-In, First-Out (LIFO).

Perpetual

An inventory system where transactions are recorded in real-time, immediately affecting the inventory account, providing an ongoing record of inventory on hand.

Unearned Rent Revenue

Income received by a company for rent that has been paid in advance by tenants but not yet earned, considered a liability until the rental period occurs.