Requirement of two-resource sequencing rule is that

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Reference no: EM132264806

1. Suppose you are a quality control manager of a manufacturing company. Since one of the samples is out of the upper control limit lower control limit range, you determined that a process was out of control using a significance level of 5%. Which statement is correct?

a. The process could be in control with probability 95%: I make a correct judgement with 95% chance.

b. The process could be out of control with probability 95%: I make a correct judgement with 95% chance.

c. The process could be in control with probability 5%: I may make a mistake with 5% chance.

d. The process could be out of control with probability 5%: I may make a mistake with 5% chance.

e. None of the above is correct

2. A requirement of two-resource sequencing rule is that:

a. all jobs must begin at the same time

b. each job must be processed first on the first resource and the on the second.

c. a maximum of two jobs can be processed at a time on each resource

d. total processing time must be minimized

3. Dawn Hogan is 47 years old, is divorced and has worked at her current job for 7 years. She looks at her credit report. Which of the following pieces of information should she find there?

The address of the house she lived in as a child

A loan for furniture she paid off 12 years ago

The outstanding balance on the Visa card she has today

The names and addresses of her grown children

The fact that she was late paying her electric bill 8 years ago

4. Tom executed a note in favor of Jim for $5,000. The note required Tom to make monthly payments of $500 a month for 10 months. If Tom missed a payment, the entire balance still due on the note would become due and payable. This provision in the note is a (n) ___________clause.

A. Allonge

B. Extension

C. Acceleration

D. Punitive

5. An instrument will be considered indefinite and non-negotiable if it is to be paid:

A. With interest.

B. In annual installment payments.

C. Subject to collection fees if payment is not made.

D. Subject to an event occurring in the future.

6. For an instrument to be negotiable, the maker must pledge:

A. A particular type of fund.

B. His or her general credit.

C. Interest payments.

D. Attorneys fees in the event of collection proceedings.

7. A payor bank which pays on a forged instrument has ______ rights when seeking to recover the payment than does the payor who pays on a forged drawer's signature.

A. Greater.

B. Lesser.

C. Identical.

D. Secondary.

8. A person who endorses a negotiable instrument is a __________________party to the instrument.

A. Primary

B. Secondary

C. Presentment

D. Performance

9. Which of the following statements about sureties is true?

A. An accommodation party is a surety

B. Sureties have a right of contribution from co-sureties

C. A surety who must pay on an instrument has a right to reimbursement from the accommodated party.

D. All of the above statements are true.

Reference no: EM132264806

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