The Learning Curve in the Steel Industry and the Learning

question 106

True/False

The learning curve in the steel industry and the learning curve in heart transplants have both been estimated at 79 percent.

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Definitions:

Consideration

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

Legally Sufficient Value

A value, consideration, or benefit that is recognized by law as adequate to support a binding contract.

Preexisting Duty

An obligation or duty that already exists under a contract, and performing it, therefore, does not constitute consideration for a new promise.

Law

Rules devised and applied by institutions of society or the government to modulate behavior.