Which statement about notes and drafts is accurate

Assignment Help Operation Management

Reference no: EM132273338

1. A court is unlikely to enforce the non-compete agreement Kelly and Amber signed because of which of the following clauses?

a. Kelly agrees not to work for a competitor for two years.

b. Kelly agrees not to work for a competitor within a 10-mile radius of Amber's business.

c. Kelly agrees to go into a completely different line of work than Amber.

d. All of these are correct.

2. Which statement about notes and drafts is accurate?

a. With a note, you order someone else to pay.

b. With a note, two people are involved: maker and payee.

c. With a draft, two people are involved: drawer and drawee.

d. With a draft, you make a promise that you will pay

3. The Industrial Organization, or I/O model, argues that:

a. the characteristics of the general, industry, and competitor environments dictate successful organizational strategy.

b. the firm's internal resources and capabilities represent the foundation for development of a value creating strategy.

c. internationalization in certain industries will lead to globalization.

d. firms should seek to maximize their returns by organizing their organizational structure in a manner consistent with the most efficient producers in any given industry.

4. What is the single greatest factor that affects the length of a queue?

a) Customer arrival rates

b) System configuration

c) Variation

d) Service Times

5. Which queuing term refers to the number of agents available to help customers?

a) Quere

b) Phase

c) Customer

d) Server

6. At the Laundromat, customers either immediately place clothes in an available washing machine or wait First-Come, First-Served (FCFS) for the next available machine. Once the wash cycle is complete, they once again either place clothes in an available dryer or wait FCFS for the next available dryer. Each person departs once their clothes are dry. This queuing system is best described as:

a) Single-Queue, Single-Server, Single-Phase

b) Single-Queue, Single-Server, Multi-Phase

c) Single-Queue, Multi-Server, Multi-Phase

d) Multi-Queue, Multi-Server, Multi-Phase

e) None of the above, the laundromat is a free-for-all

7. On average someone arrives to the laundromat every 3 minutes. What is the arrival rate?

a) 20 per minute

b) 20 per hour

c) 3 per hour

d) 3 per minute

e) 1/3 per hour

Reference no: EM132273338

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