The correct option is A. The effect of tax cut is reduction in the amount of money that the government is generating and increase in the amount of money available to those whose taxes are reduced. Government usually cut taxes in order to boost the economy through increased spending.
Downward communication.
All of these things come from management, management communicates down to employees.
Complete Question
A waiting line problem has an average of 250 arrivals per eight hour day. Suppose there are several servers, and each has an average service time of 8 minutes. (Assume Poisson arrivals and exponential service times.)
What is the average service rate of a server per hour?
Answer:
7½ arrivals per hour
Explanation:
Given
Arrivals = 250 arrivals per 8 hour day
Service Time of Servers = 8 minutes
The service time of Servers is given as 8 minutes.
This means that; on average, a server will attend to 1 arrival in every 8 minutes.
Calculating this per hour;
Average service rate of a server per hour = Service Rate * 1 hour per hour
Average service rate of a server per hour = 1 arrival per 8 minutes * 1 hour per hour
(1 hour = 60 minutes);
So, we have.
Average service rate of a server per hour = 1/8minutes * 60minutes/hour
= ⅛ * 60 arrivals/hour
= 60/8 arrivals/hour
= 7½ arrivals per hour
Strategic planning is the art of developing specific business strategies, putting them into action, and evaluating the results in relation to a company's overall long-term goals or desires. Strategic planning is the art of understanding the strategic plan, which are the long-term goals for a company.
It is a theory that concentrates on integrating different corporate divisions to help a company achieve its strategic goals. The terms "strategic planning" and "strategic management" are nearly synonymous.
The idea of strategic planning first gained popularity in the 1950s and 1960s and it remained prominent in the business sector into the 1980s.
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