A 90% Learning Curve Implies That Each Time the Production

question 50

True/False

A 90% learning curve implies that each time the production volume is doubled, the direct time per unit is reduced to 90% of its previous value.

---

Definitions:

Journal Entries

The method by which financial transactions are recorded in a company's accounting records in chronological order.

Cash

Liquid funds available for use in immediate transactions, held either in hand or in bank accounts.

Earnings Per Share

A measure of a company's profitability that calculates the amount of net income earned for each share of its common stock.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenues, indicating financial performance over a period.