The First Unit of a Product Took 832 Hours to Build

question 46

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 10th unit? (Use at least three decimals in the exponent if you use the logarithmic approach.)

• A) less than 250 hours
• B) from 251 to 275 hours
• C) from 276 to 300 hours
• D) from 301 to 325 hours
• E) 325 or more hours

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Definitions:

Refundable Deposits

Deposits made that can be returned to the depositor under certain conditions.

Cumulative Preferred Stock

A type of preferred stock that accrues dividends if they are not paid as scheduled, with these unpaid dividends to be paid out before common shareholders can receive dividends.

Unearned Interest

Interest that has been collected on a loan by the lender but not yet earned, often because the loan may be paid off early.

Estimated Property Taxes

An approximation of the property taxes due on real estate, often used for budgeting or accounting purposes before the actual tax bill is received.