Which of the following statements about learning curves is generally TRUE?
A) Management can decide to achieve a certain rate of learning.
B) Learning curves were first quantified by the U.S. Postal Service.
C) Using the "doubling" model, a learning curve with a rate of learning of 70 percent means the tenth unit takes 70 percent of the time that the twentieth unit will take.
D) Learning curves are recognition of the concept that the time a task takes usually decreases with experience.
D
You might also like to view...
The person who phoned Howard last night to ask him if he might be interested in adding HBO and Cinemax to his current television cable system would be classified as a(n):
A. order-taker. B. account representative. C. retail salesperson. D. sales engineer. E. detail salesperson.
An old machine that originally cost $9,500 thus far has accumulated depreciation of $1,900 . The remaining useful life is four years, with no salvage value at the end of its useful life. A new machine is now available that costs $8,500, with a useful life of five years and no residual value. The old machine could be sold now for $5,900 . The annual cash operating costs for the old machine are
$5,000, but for the new machine they would be only $2,500 . Gross revenue from the products would be $12,000 annually for either machine. The company should a. keep the old machine to avoid a $5,900 loss on its disposal. b. keep the old machine to avoid a $1,700 loss on its disposal. c. replace the old machine. d. keep the old machine to avoid an $8,500 decrease in cash.
Which of the following would be an example of a career goal?
A. making a difference in people's lives B. becoming financially independent C. expressing yourself creatively D. all of the above
Which of the following statements is true about the relationship between the debt/assets ratio and the times-interest-earned ratio (TIE) of a firm??
A. ?If the debt/assets ratio increases, the TIE ratio will also increase. B. ?If the debt/assets ratio decreases, the TIE ratio will increase. C. ?If the debt/assets ratio decreases, the TIE ratio will also decrease. D. ?The debt/assets ratio will always be equal to the TIE ratio. E. ?The debt/assets ratio and the TIE ratio are not related to each other.