Which of the following statements about learning curves is best?
A) Learning improvements always follow a constant pattern.
B) Frequent design changes and reengineering have no effect on learning rates.
C) Underestimated learning effects may cause overestimation of capacity needs.
D) An eighty percent learning curve means that each unit takes twenty percent less time to produce than its immediate predecessor.
Answer: C
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A company made the following expenditures in connection with the construction of a new building: Architect's fees$ 12,000Cash paid for land and unusable building on the land300,000Removal of old building18,000Salvage from sale of old building materials (4,000)Construction survey1,500Legal fees for title search3,000Excavation for basement construction25,000Machinery purchased for operations100,000Storage and delivery charges on machinery because building was not ready when machinery was delivered900Freight on machinery purchased1,600Construction costs of new building1,000,000Installation of machinery2,500Prepare a schedule showing the amounts to be recorded as Land, Buildings, and Machinery.
What will be an ideal response?
Which type of questions introduces a topic or area for exploration?
a. Closed b. Open c. Primary d. Secondary
Marketing
A. means "selling" or "advertising." B. provides direction for production. C. is the development and spread of new ideas, goods, and services. D. involves actually making goods or performing services. E. does not impact consumers' standard of living.
Early adopters
A. tend to be opinion leaders. B. tend to rely on information sources that are not controlled by marketers. C. are commonly called buzz agents. D. are the first adoption-curve group to buy a product. E. All these answers are correct.