The First Unit of a Product Took 80 Hours to Complete

question 15

Multiple Choice

The first unit of a product took 80 hours to complete. The firm plans to produce 10 units in the first month and 12 units in the second month. If a 75% learning curve is expected, how many hours will the firm use to work on the product during the second month?

• A) 960.0 hours
• B) 505.2 hours
• C) 751.0 hours
• D) 447.1 hours
• E) 303.9 hours

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Definitions:

Management By Exception

A leadership strategy where managers intervene only when performance deviates significantly from standards, allowing for more autonomous operation otherwise.

Performance Objectives

Performance objectives are specific goals identified to measure the effectiveness and efficiency of an employee's job performance.

Output Standards

The pre-determined levels of performance or production that a process or system is expected to achieve.

Input Standards

Benchmarks or criteria used to measure the quantity, quality, or timeliness of resources used in a production process or project.