Which of the Following Statements Is True of Learning Curves

question 21

Multiple Choice

Which of the following statements is true of learning curves?

• A) Learning curves are captured at one point in time when output is increased.
• B) Learning curves can be observed in manufacturing processes and professional services.
• C) As cumulative output increases, the learning curve becomes less steeper.
• D) The steeper the learning curve, the lesser the learning effects.

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Definitions:

Accounts Payable

Liabilities or amounts a company owes to creditors or suppliers for goods or services that have been received but not yet paid for.

Sales Discount

A reduction from the listed or invoice price offered by a seller to a buyer, often to prompt early payment or reward bulk purchases.

Decrease Net Income

Any event or transaction that results in a reduction of the net income of a company.

Decrease In Assets

A reduction in the value or quantity of the resources owned by an entity.