The arithmetic approach is based on the assumption that as production doubles, the per-unit production time declines by a constant percentage, often referred to as ______.

a. learning time
b. learning rate
c. learning coefficient
d. learning factor


b. learning rate

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The S&P 500 stock index is an index of

A. all the companies whose shares trade at a price more than $500. B. all the companies whose shares trade on the New York Stock Exchange. C. 500 major companies whose shares trade in U.S. markets. D. the largest 500 companies in the world.

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Cultural branding is essential for small firms, but ineffective for large companies

Indicate whether the statement is true or false

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A concept that challenged the assumption inherent in the rational decision making model was satisficing: which influential theorists developed it?

a. Stewart Clegg, Martin Kornberger and Tyrone Pitsis b. Fredrick Taylor and Henri Fayol c. James March and Herbert Simon d. Max Weber and Mary Parker Follett

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Puffery is as an illegal, deceptive practice.

Answer the following statement true (T) or false (F)

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