Which One of the Following Is Not Descriptive of the Experience

question 98

Multiple Choice

Which one of the following is not descriptive of the experience curve?

• A) It is very useful because it is consistent for all organizations within a particular industry.
• B) It is used to estimate the production cost of a product produced by newly introduced techniques or processes.
• C) The experience curve varies by industry and is based on many variables.
• D) The concept was first applied in the airframe industry.
• E) It shows that production costs decline by some fixed percentage as production in units doubles.

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Definitions:

Exhibit Conformity

The act of matching attitudes, beliefs, and behaviors to group norms or societal standards.

Psychology Experiment

A research method in psychology that tests hypotheses by manipulating and controlling variables.

Dramatic Decrease

A significant and rapid reduction in quantity or frequency.

Milgram's Experimental Procedure

A psychological experiment conducted by Stanley Milgram to study obedience to authority, where participants were instructed to administer electric shocks to another person.