When the restaurant is full, as customers arrive, they ask how long the wait will be. What would you tell a party is their estimated wait time when there are three parties to be seated ahead of them? Assume that no customers in line choose to leave before their party is called and that party size is not an issue.

Which of the following would not generally be a motive for a firm to hold inventories? a. to decouple or separate parts of the production process b. to provide a stock of goods that will provide a selection for customers c. to take advantage of quantity discounts d. to minimize holding costs e. all of the above are functions of inventory.