Learning Curves Can Be Used to Determine the Number of Workers

question 10

Multiple Choice

Learning curves can be used to determine the number of workers needed to meet planned production level targets.This statement is an application of learning curves in which of the following functions?

• A)workforce planning and scheduling
• B)cost estimation and budgeting
• C)new product pricing
• D)procurement negotiations in supply chains

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Definitions:

Internal User

Individuals within an organization, such as managers and employees, who use financial information to make decisions related to their roles.

Relevance To Decision

The importance of information in influencing or making a decision; relevant information affects the outcome of the decision-making process.

Management Function

Essential activities including planning, organizing, leading, and controlling that are performed to achieve business objectives.

Planning

The process of making plans for something, often involving setting goals and determining the steps needed to achieve those goals.