The First Unit of a Product Took 832 Hours to Build

question 68

Multiple Choice

The first unit of a product took 832 hours to build, and the learning curve is 75%. How long will it take to make the 30th unit? (Use at least three decimals in the exponent if you use the formula approach.)

• A) less than 200 hours
• B) from 200 to 225 hours
• C) from 225 to 250 hours
• D) from 2501 to 275 hours
• E) 275 or more hours

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Definitions:

Credit Memo

A document issued by a seller to a buyer, reducing the amount that the buyer owes to the seller typically due to a return or a rebate.

Monthly Bank Statement

A document provided by a bank which summarizes all transactions in an account for a specific month.

Petty Cash System

A method for managing small, daily operational expenses through a readily accessible cash fund, requiring regular replenishment and accounting.

Cash Payments

Transactions involving the transfer of cash from one party to another, often in exchange for goods or services.