To complete the first setup on a new machine 1) An experience curve ________. A) is a narrower application of the learning curve B) measures the decline in cost per unit as production decreases for various value-chain functions such as marketing as production increases C) only measures the decline in labor-hours per unit as units produced increases D) measures the increase in cost per unit as productivity increases 2) To complete the first setup on a new machine took an employee 300 minutes. Using an 85% cumulative average-time learning curve indicates that the second setup on the new machine is expected to take ________. A) 127.50 minutes B) 210 minutes C) 277.50 minutes D) 255 minutes 3) To complete the first setup on a new machine took an employee 100 minutes. Using an 80% incremental unit-time learning model indicates that the second setup on the new machine is expected to take ________. A) 80 minutes B) 120 minutes C) 70 minutes D) 60 minutes 4) As a result of learning curve, ________. A) unit costs increase as productivity increases and the unit-cost function behaves nonlinearly B) unit costs decrease as productivity increases and the unit-cost function behaves nonlinearly C) unit costs increase as productivity increases and the unit-cost function behaves linearly D) unit costs decrease as productivity increases and the unit-cost function behaves linearly 5) The learning-curve models presented in the text examine ________. A) how quality increases over time B) how efficiency increases as more units are produced C) how setup costs decline as more workers are added D) the change in variable costs when quantity discounts are available 6) Which of the following is a learning-curve model? A) the cumulative average-time learning model and the incremental unit-time learning model B) the simple regression model and the multiple regression model C) the multicollinearity learning model and the goodness of fit learning model D) the account analysis learning model and the conference learning method model Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help
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