The First Unit of a Product Took 900 Hours to Build

question 29

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 in the text.)

• 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

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Definitions:

Buy-and-Sell Agreement

A legally binding agreement between co-owners or shareholders that outlines the conditions under which one's interest in a business can be sold or transferred.

Shareholder

An individual or entity that owns shares in a corporation and has potential financial gains or losses based on the company's performance.

Corporation

A legal entity that is separate and distinct from its owners, possessing rights and responsibilities, capable of conducting business, entering into agreements, and owning property.

Novation

The act of replacing an obligation to perform with a new obligation, or replacing a party to an agreement with a new party.