Which one of the following statements about learning curves is TRUE?
A) A learning curve assumes that the direct labor requirements per unit will DECREASE at an INCREASING rate as cumulative production increases.
B) A larger learning curve rate implies faster (greater) learning.
C) A learning curve graph usually follows a negative exponential curve.
D) Learning curves can be used only for individuals, not for the whole organization.
E) The formula describing the learning curve principle of doubling is computed differently when computing unit cost as opposed to unit time.
C
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A struggling organization might decide to close a manufacturing plant with only a few hundred employees rather than declare bankruptcy and leave thousands of employees jobless. This example is related to which ethical decision-making approach?
What will be an ideal response?
The debits to Work in Process--Assembly Department for April, together with data concerning production, are as follows: April 1, work in process: Materials cost, 3,000 units $ 7,200 Conversion costs, 3,000 units, 60% completed 6,000 Materials added during April, 10,000 units 25,000 Conversion costs during April 35,750 Goods finished during April, 12,000 units --- April 30 work in process, 1,000
units, 40% completed --- All direct materials are placed in process at the beginning of the process and the first-in, first-out method is used to cost inventories. The materials cost per equivalent unit for April is: A) $2.48 B) $2.08 C) $2.50 D) $5.25
Which team did Maria put together to pinpoint the issues at the tractor assembly plant in the OB story used in the textbook?
a. Cross-functional team b. Self-managing team c. Problem-solving team d. Virtual team
If a witness to an accident states, "That car was going fast; probably 60 miles per hour," that witness is:
A) testifying. B) stating a fact. C) giving an opinion. D) giving a deposition.