A Job Has an 80 Percent Learning Curve

question 178

Multiple Choice

A job has an 80 percent learning curve. The second unit required 12 hours to complete. Approximately how many hours will be devoted to the first five units (including those already completed) ?

• A)26
• B)36
• C)46
• D)56
• E)66

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Definitions:

Fractional Reserve Banking

A banking system in which only a fraction of bank deposits are backed by actual cash on hand and available for withdrawal, enabling banks to lend out more money than they hold.

Federal Reserve Banks

The 12 regional banks that, along with the Board of Governors, make up the Federal Reserve System, serving as the central banking system of the United States.

Paper Currency

Money in the form of banknotes, issued by the government or central bank as legal tender.

Unlimited

Having no restrictions or boundaries in quantity or scope.