The First Unit of Production Takes 20 Hours to Produce

question 187

Multiple Choice

The first unit of production takes 20 hours to produce and the learning rate is expected to be 90 percent. How long will it take to produce the fourth unit?

• A) less than or equal to 12.0 hours
• B) greater than 12.0 hours but less than or equal to 15.0 hours
• C) greater than 15.0 but less than or equal to 18.0 hours
• D) greater than 18.0 hours

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Definitions:

Outstanding Balance

Represents the total amount of money owed on a loan, credit card, or any debt, remaining to be paid.

Operating Expenses

The costs associated with the day-to-day functions of a business, excluding direct production costs.

Profit

The financial gain achieved when the revenue from business activities exceeds the expenses, costs, and taxes needed to sustain the activity.

Unit

A single, distinct element that forms part of a system, often used for measuring, standardization, or as part of a greater whole.