The exact sequence in which jobs are executed will depend on the implementation of your systems' crond. What is your OS? If you have cronjob in a crontab:
Job 1 Job 2 Job 3 In Debian Job1 will start, without waiting to finish Job 2, etc.
In Debian and Ubuntu derivatives it is top-bottom
In FreeBSD it is bottom-top
If your cronjobs are in /etc/cron.hourly(or daily/monthly/weekly) - then the script that runs them does it sequently, not in paralel. (a script loops though them and waits for each to finish)
EDIT Add two different cronjobs (here I assume you have syslog configured)
* * * * * ls /etc/
* * * * * echo "whatever
tail -f /var/log/cron