Which One of the Following Statements About Learning Curves Is

question 10

Multiple Choice

Which one of the following statements about learning curves is False?

• A) The direct labor for the n+1st unit will always be less than the direct labor required for the nth unit.
• B) The reduction in time will follow an exponential curve.
• C) A benefit of learning curves is that they are unaffected by factors such as product complexity and the rate of capital additions.
• D) Using industry averages for learning curves can be risky because the type of work and competitive niches can differ from firm to firm.

Know the benefits of participatory planning in the organizational context.

Identify the steps involved in the planning process and their significance.

Understand the relationship between planning and controlling within the management functions.

Grasp the essence of planning in setting objectives and determining actions to achieve them.