Which of the following statements regarding the learning phenomenon is true?
A. The relationship between number of units produced and the marginal time to produce the latest unit is linear.
B. Total labor cost is a linear function of the total units produced.
C. As production doubles, the time to produce the latest unit decreases.
D. The more units that are produced, the greater the average time to produce a single unit.
Answer: C
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Virtue ethics
A. states that rights and wrongs cannot be decided by a few good people alone. B. holds that individual self-interest is the actual motive of all conscious action. C. implies that individuals have the right to decide what is good for themselves. D. bases ethical behavior on the opinions and behaviors of relevant other people and focuses on what peers think is right. E. suggests that what is moral comes from what a mature person with good "moral character" would deem right.
Which of the following statements is true of a capital budgeting project with a negative net present value (NPV)?
A. The project's internal rate of return is also negative. B. The project's discounted payback period is greater than its economic life. C. A firm should invest in a project with a negative NPV if the initial investment outlay is low. D. The project's traditional payback period is greater than the firm's expected payback period. E. The project's internal rate of return is higher than the discount rate used for NPV analysis.
Marla placed an advertisement in the newspaper offering a $200 reward for the return of her lost briefcase. Edward calls her and says "I'll find it!" Which is true?
a. A bilateral contract has been formed. b. A unilateral contract has been formed. c. No contract has been formed as this is a unilateral offer. d. No contract has been formed as this is a bilateral offer.
?Prioritizing by top management and coordination of the specific elements so they work in harmony with each other are required for _____ to be effective.
A. ?total quality management (TQM) B. ?institutional communications C. ?industrial relations D. ?negotiation strategies