A Job Has a 70 Percent Learning Curve

question 163

Multiple Choice

A job has a 70 percent learning curve. If the first unit took 10 hours to complete, the third unit should take roughly how many hours?

• A)7
• B)5.7
• C)5
• D)3.5
• E)4.9

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Definitions:

Recognize Income

The process of reporting income when it is earned, according to accounting principles, regardless of when it is received.

Unemployment Compensation

Financial benefits provided to individuals who have lost their job through no fault of their own, as a means to temporarily assist them while they seek new employment.

Taxable

Relates to income, assets, or transactions that are subject to tax by governmental authorities.

Gross Profit Percentage

A financial metric that represents the proportion of money left over from revenues after accounting for the cost of goods sold, expressed as a percentage.