Which One of the Following Statements Is NOT a Typical

question 18

Multiple Choice

Which one of the following statements is NOT a typical assumption related to developing learning curves?

• A)The total direct labor hours needed to produce the first 100 units will be double the amount of hours needed to build the first 50 units.
• B)The direct labor needed per unit will decrease at a declining rate as cumulative production increases.
• C)The direct labor hours per unit will decrease according to an exponential curve as cumulative production increases.
• D)The direct labor needed to produce the 50th unit will always be more than the direct labor needed to produce the 51st unit.

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Definitions:

Unilateral Contract

An agreement wherein one party makes a promise to perform in exchange for the act of the other party, who is not legally obligated to act but if they do, the first party is obligated to fulfill the promise.

Bilateral Contract

An agreement involving two parties where each side promises to fulfill certain obligations in exchange for benefits provided by the other.

Consideration

In contract law, consideration refers to something of value that is exchanged between parties as part of an agreement.

Bilateral Contract

A Bilateral Contract is an agreement involving two parties where each promises to perform an act in exchange for the other's act, creating mutual obligations.