Learning Curves

question 95

Multiple Choice

Learning curves

• A)describe how repeated practice decreases the time required to do a job.
• B)captures the benefit of repetition and experience.
• C)are expressed in quantitative terms for employees doing the same job routinely.
• D)all of the above

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Definitions:

Initial Investment

The amount of money used to start a project, purchase an asset, or invest in a business venture for the first time.

Depreciation

The accounting method of allocating the cost of a tangible asset over its useful life.

Operating Leverage

A measure of how sensitive a company's operating income is to changes in revenue.

Marginal Tax Rate

The rate of tax applied to the next dollar of taxable income, indicating how much tax will be paid on an additional dollar earned.