Assume that it takes 100 hours to produce the first unit of a product, and the learning rate for this production process is 80%. Using the arithmetic approach, determine the labor hours required to produce the 16th unit.
a. 100 hours
b. 80 hours
c. 51.2 hours
d. 40.96 hours
d. 40.96 hours
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The total demand for many business goods and services is not much affected by price changes. Thus, this demand is ________
A) derived B) fluctuating C) accelerated D) multiple E) inelastic
On June 30, 2018, Chris Brothers, Inc. showed the following data on the equity section of their balance sheet:
On July 1, 2018, the company declared and distributed a 8% stock dividend. The market value of the stock at that time was $17 per share. Following this transaction, what is the balance of Paid-In Capital in Excess of Par—Common?
A) $227,640
B) $523,160
C) $271,000
D) $457,880
When direct labor is assigned to specific jobs, ________ is debited.
What will be an ideal response?
PatientsLikeMe is a social network for people living with a wide variety of diseases and medical conditions. Which of the following is an example of how PatientsLikeMe uses crowdsourcing in its business model?
a. pharmaceutical companies provide financial backing for the site’s network resources to reduce infrastructure costs b. members enter detailed medical information themselves to reduce labor costs associated with aggregating data c. founders host monthly social events for all full-time employees to promote a sense of community across the company d. a small group of members are paid to participate in market research projects in order to adjust the site in response to members’ needs