An assumption of learning curves is that the time required to complete a unit will decrease at an increasing rate as the cumulative number of units completed increases.
Answer the following statement true (T) or false (F)
False
Learning curve theory is based on three assumptions:
1. The amount of time required to complete a given task or unit of a product will be less each time the task is undertaken.
2. The unit time will decrease at a decreasing rate.
3. The reduction in time will follow a predictable pattern.
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A customer who is both loyal and profitable is referred to as a ________
A) barnacle B) stranger C) true believer D) laggard E) butterfly
When preparing the budgeted income statement of a merchandising company, the amount of cost of goods sold can be taken from the ________.
A) budgeted balance sheet B) cost of goods sold budget C) inventory, purchases, and cost of goods sold budget D) capital expenditures budget
Questions such as "Why should a construction project lease Caterpillar equipment instead of Kamatsu?" and "What are the advantages of the Toyota Camry over the Honda Accord, and vice versa?" are related to which of the following capabilities of promotion?
A. to take action B. to inform C. to remind D. to persuade E. to sell
Who should be consulted before setting up an employee benefits program?
a. your HR manager b. an accountant experienced with employee benefits c. the company lawyer d. the provider, such as the insurance company or retirement fund company