The Experience Curve Can Be Defined As

question 38

Multiple Choice

The experience curve can be defined as:

• A)A law relating doubling of cumulative volume output to constant percentage reduction in average manufacturing time and labour cost.
• B)A law according to which the unit cost of value added declines by a constant percentage of 30% each time cumulative output doubles
• C)An observation that direct costs decrease when production increases
• D)An observation of the systematic acceleration in output of airplanes and ships during time of war.

---

Definitions:

ACT

ACT stands for Acceptance and Commitment Therapy, a form of psychotherapy that encourages individuals to embrace their thoughts and feelings rather than fighting or feeling guilty for them.

Semantic Memory

A memory system proposed by Tulving that is thought to hold memories of general knowledge.

Procedural Memory

Procedural memory is a type of long-term memory responsible for knowing how to perform different actions and skills.

ACT Models

A theoretical framework in cognitive psychology that stands for Adaptive Control of Thought, describing cognitive processes as interactions between declarative and procedural memory.