The First Unit of a Product Took 900 Hours to Build

question 52

Multiple Choice

The first unit of a product took 900 hours to build and the learning curve is 90%.How long will it take to make the first 3 units? (Use Table E.3)

• A)less than or equal to 2,470 hours
• B)from 2,470 to 2,472 hours
• C)from 2,472 to 2,475 hours
• D)from 2,475 to 2,478 hours
• E)from 2,478 to 2,481 hours

---

Definitions:

Employee Satisfaction

The level of contentment and positive feeling that an employee has toward their job, work environment, and the company, which can impact productivity and retention.

Long-Run Cost

The aggregate of all costs, both fixed and variable, associated with producing goods or services when all inputs are considered variable over time.

Benefit Costs

The expenses incurred by employers for the benefits provided to employees, such as health insurance and retirement plans.

Skill-Based Pay Plans

Compensation systems that set pay levels based on the skills, knowledge, or competencies an employee acquires, rather than the job position alone.