A Job Has an 80 Percent Learning Curve

question 132

Multiple Choice

A job has an 80 percent learning curve. If the first unit took 50 hours to complete, the third unit should take roughly how many hours?

• A)40
• B)36
• C)35
• D)32
• E)10

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Definitions:

Defined Benefit

A type of pension plan where an employer promises a specified pension payment upon retirement, which is calculated based on factors like salary history and duration of employment.

Remuneration Levels

Different scales or amounts of payment or compensation provided to employees or executives, often determined by their position, performance, or qualifications.

Employer Contributions

Payments made by an employer into a benefit plan (such as pensions or health insurance) on behalf of their employees.

Enterprise Bargaining Agreement

A collective industrial agreement between employers and employees on terms and conditions of employment, typically negotiated at the enterprise level.