You Have Just Timed a Person Doing a Job a Four

question 11

Multiple Choice

You have just timed a person doing a job a four times.The first time it took the person 120 minutes,the second time it took 90 minutes,the third time it took 76.1 minutes and the fourth time it took 67.5 minutes.Which Learning Curve Unit Improvement Factor should you use?

• A)25 percent
• B)75 percent
• C)80 percent
• D)85 percent
• E)90 percent

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Definitions:

12b-1 Fee

A fee that mutual funds may charge for marketing, distribution, and service expenses, expressed as a percentage of assets under management.

Net Asset Value

The value per share of a fund, calculated by dividing the total value of the fund's assets minus its liabilities by the number of shares outstanding.

Year-End Assets

These are the total value of all assets that a company or individual owns at the end of the fiscal year.

Liabilities

Financial obligations or debts owed by a business to creditors, which must be paid back at some point in the future.