Weston, Inc., produces widgets. To manufacture a new type of widget, it took 12 iterations before the process reached a steady state of 42 hr. If Weston has a 79% learning rate, use the logarithmic approach to calculate the time it took to manufacture the first widget.
A. 95.89 hr
B. 98.50 hr
C. 97.78 hr
D. 95.66 hr
C. 97.78 hr
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When comparing the direct write-off method and the allowance method of accounting for uncollectible receivables,a major difference is that the direct write-off method
a. uses a percentage of sales method to estimate uncollectible accounts b. is used primarily by large companies with many receivables c. is used primarily by small companies with few receivables d. uses an allowance account
What additional information is needed to find the rate of return on investment if income from operations is known?
A) Invested assets B) Residual income C) Direct expenses D) Sales
The process of continually acquiring information on events occurring outside the organization to identify and interpret potential trends is referred to as
A. organizational scanning. B. a SWOT analysis. C. environmental scanning. D. significant trend analysis. E. marketing intelligence.
In what area does the difference between innovation and invention lie?
a. demand b. cost c. originality d. value