_____ Refer to Cost Savings That Come from Acquiring Knowledge

question 5

Multiple Choice

_____ refer to cost savings that come from acquiring knowledge of repetition of how to carry out a task.

• A)Learning effects
• B)Exponential effects
• C)Ancillary effects
• D)Economies of scale

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Definitions:

Implied Warranty

An unstated guarantee that a product will meet a minimum level of quality and functionality, which is presumed to exist by law.

Operation Of Law

A process by which rights or liabilities are automatically transferred without the need for an agreement or contract, usually by statute.

Implied Warranty

A legal presumption that a product will perform as expected based on its intended use, even if not explicitly stated.

Sample Or Model

A representative part or specimen used to demonstrate the quality or features of a whole.