The First Unit of a Product Took 50 Hours to Build

question 86

Multiple Choice

The first unit of a product took 50 hours to build, and the learning curve is 85%. How long will it take to make the 20th unit? (Use at least three decimals in the exponent if you use the formula approach.)

• A) less than 25 hours
• B) from 25 to 30 hours
• C) from 30 to 35 hours
• D) from 35 to 40 hours
• E) more than 40 hours

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Definitions:

Apparent Authority

The appearance or assumption of authority based on the conduct or statements of the principal, leading third parties to believe an agent has authority to act.

Unidentified Principal

A scenario in contract law where the identity of the principal is unknown to the third party at the time of agreement.

Actual Authority

The express or implied legal power given to an agent by a principal to undertake specific actions on the principal's behalf.

Uniform Durable Power

A legal document that grants another individual the authority to manage one’s financial and legal affairs even if the grantor becomes incapacitated.