Deborah offered to design a Website for a small print shop in exchange for their printing some adverting flyers for her. She was using which method of decreasing cash outflows?
a. Barter
b. Timing purchases
c. Using non-cash incentives
d. Gaming the payment process
Ans: a. Barter
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The time between arrivals at a drive-through window of a fast-food restaurant follows the distribution given below. The service time distribution is also given in the table below
Use the random numbers provided to simulate the activity of the first five arrivals. Assume that the window opens at 11:00 a.m. and the first arrival after this is based on the first interarrival time generated. Time Between Arrivals Probability Service Time Probability 1 0.2 1 0.3 2 0.3 2 0.5 3 0.3 3 0.2 4 0.2 Random numbers for arrivals: 14, 74, 27, 03 Random numbers for service times: 88, 32, 36, 24 What times does the fourth customer leave the system?
When a stock price reflects all relevant information about the stock, the market is said to be
A) efficient. B) fractioned. C) smooth. D) flat. E) none of the above.