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:

Sale

A transaction between two parties where the buyer receives goods, services, or assets in exchange for money.

Revenue Recognition

Refers to the criteria or guidelines used by a company to recognize revenue in its financial statements, ensuring revenue is recorded when earned.

Criterion

A principle or standard by which something may be judged or decided.

Farming

The practice of cultivating land, raising crops, and/or keeping animals to produce food and other agricultural products.