Learning Curves Were First Applied to the Aircraft Industry in ______

question 35

Multiple Choice

Learning curves were first applied to the aircraft industry in ______.

• A)1916
• B)1926
• C)1936
• D)1946

---

Definitions:

Average Inventory

Calculated by adding the value of the inventory at the beginning and end of a period and dividing by two, reflecting an average amount of inventory held over the period.

Semiannually

Happening biannually or once every six months.

Ending Inventory

The total value of all the goods remaining unsold at the end of an accounting period.

Cost of Goods Sold

Costs directly connected with the manufacture of goods a company sells, including both materials and workforce expenses.