Which of the Following Statements About Learning Curves Is Generally

question 32

Multiple Choice

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.

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Definitions:

Cash Flow

The overall volume of financial resources circulated within and out of an enterprise, affecting its solvency.

Project

A planned set of interrelated tasks to be executed over a fixed period and within certain cost and other limitations.

Payback

A capital budgeting method that calculates the period of time required for the return on an investment to repay the original investment cost.

Cash Flow

Cash Flow is the total amount of money being transferred into and out of a business, especially as affecting liquidity. It is often considered in terms of net cash flow, which is income minus expenses.