The Direct Labor Times Required to Produce the First Four

question 5

Multiple Choice

The direct labor times required to produce the first four units of a new product are shown below: Based on this data the estimated learning or improvement rate is

• A) 100%.
• B) 90%.
• C) 85%.
• D) 80%.

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Definitions:

Crown Grant

A legal document issued by the crown (government) transferring an interest in land (usually ownership or a lease) to a private individual or entity.

Real Property

Land and anything permanently attached to it, such as buildings and other structures, which have legal rights associated with ownership.

Chattel

Personal property that is movable, as opposed to real property or real estate.

Profit a Prendre

A right to take something (such as minerals, game, or timber) from another's land.