Unit Times for a Job Exhibit a Learning Effect

question 12

Multiple Choice

Unit times for a job exhibit a learning effect. If the second unit took 30 hours, and the fourth unit took 21 hours, roughly how many hours would you estimate the third unit took?

• A)29
• B)27
• C)25
• D)24
• E)21

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Definitions:

Credits

Credits are accounting entries that increase liabilities or equity accounts, or decrease asset or expense accounts.

Trial Balance

A list of all general ledger accounts and their balances at a particular time, ensuring that debits equal credits in the double-entry accounting system.

Normal Balances

The side (debit or credit) of an account that is expected to have a higher balance given the account type's role in accounting.