Under Learning Curve Theory, with a Learning Rate of 70

question 8

Multiple Choice

Under learning curve theory, with a learning rate of 70 percent, the:

• A) time to produce the second unit will be 70 percent less than the time to produce the first unit.
• B) time to produce the second unit will be 30 percent less than the time to produce the first unit.
• C) cumulative average time per unit after producing the first 100 units will be 70 percent less than the average time per unit of the first 50 units.
• D) average time per unit will be cut in half for every 70 units.

---

Definitions:

Sole Shareholder

An individual who owns 100% of the shares of a corporation, making them the exclusive owner.

Stock Exchange

A marketplace where securities, such as stocks and bonds, are bought and sold.

Liability

The state of being legally responsible for something, especially in terms of owing money or other obligations.

Incorporators

Incorporators are individuals or entities that are involved in creating and registering a corporation with the relevant state authority, completing and filing its articles of incorporation.