All Except One of the Following Is Listed as a Managerial

question 31

Multiple Choice

All except one of the following is listed as a managerial consideration or appropriate explanation in using learning curves.Which one is that?

• A)Improvement comes from working smarter, not harder.
• B)Individual learning and incentives are positively related.
• C)Newer the job, greater will be the learning.
• D)Learning curves is not impacted by the number of indirect labor (such as repair person and supervisor).
• E)Learning curve represent direct labor output.

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Definitions:

Mercantilism

An economic theory and practice dominant in Europe from the 16th to the 18th century, focusing on accumulating wealth through trade and having a positive balance of trade.

Higher Rates

Increased levels of a particular measure, often referring to interest, inflation, or pricing rates compared to a standard or previous period.

Military Forces

Organized units or groups armed and trained for combat, defense, or enforcement purposes by a nation.

Absolute Advantage

The ability of an entity to produce a good or service more efficiently than its competitors using the same amount of resources.