Cost Savings That Come from Learning by Doing Are Known

question 11

Multiple Choice

Cost savings that come from learning by doing are known as

• A) learning curves.
• B) economies of scale.
• C) learning effects.
• D) experience curves.

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Definitions:

Automatic System

A type of processing that occurs with little to no conscious thought, often quick and intuitive.

Deliberate System

A cognitive process characterized by slow, logical, and conscious thinking, often involved in making well-thought-out decisions.

Entity Theorist

An individual who believes that personal attributes, like intelligence or ability, are fixed and cannot be changed through effort.

Intelligence

The capacity for learning, understanding, and applying knowledge, including the ability to reason, plan, solve problems, think abstractly, and learn quickly.