A Job Has an 80% Learning Curve

question 11

Multiple Choice

A job has an 80% learning curve.If the first unit took 40 hours to complete,the fourth unit should take roughly how many hours?

• A)20
• B)26
• C)31
• D)35
• E)40

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Definitions:

Optimum Quality Level

The level of quality at which the total cost associated with quality management (including prevention, appraisal, and failure) is minimized.

Balanced Scorecard

A set of performance measures that provide a comprehensive view of the organization by recognizing the goals of shareholders, the satisfaction of customers and employees, and methods to improve the firms internal processes.

Corporate Performance

The evaluation of a company's effectiveness in achieving its goals, usually assessed through financial and operational metrics.

Financial Measure

A numeric representation of a company's financial health or performance, such as profit margins, return on investment, or earnings per share.