Horn_CH_10TB 13

Answer d diff2 terms learningcurve objective 7 aacsb

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Unformatted text preview: able- cost functions B) step fixed-cost functions C) learning curves D) mixed cost functions Answer: D Diff: 2 Terms: nonlinear cost function Objective: 6 AACSB: Reflective thinking 141) A step fixed-cost function: A) is fixed over the short run but not over the long run B) is often approximated with a continuous variable-cost function C) remains the same over a narrow range of activity D) example includes setup costs Answer: A Diff: 2 Terms: step cost function Objective: 6 AACSB: Reflective thinking 142) A step variable-cost function: A) is fixed over the long run but not over the short run B) is often approximated with a continuous variable-cost function C) remains the same over a wide range of activity D) example includes adding additional warehouse space Answer: B Diff: 2 Terms: step cost function Objective: 6 AACSB: Reflective thinking 143) A learning curve is a function: A) that measures the decline in labor-hours per unit due to workers becoming better at a job B) that increases at a greater rate as workers become more familiar with their tasks C) where unit costs increase as productivity increases D) that is linear Answer: A Diff: 2 Terms: learning curve Objective: 6 AACSB: Reflective thinking 144) An experience curve: A) is a narrower application of the learning curve B) measures the per unit as production decreases for various value-chain functions such as marketing as production increases decline in cost 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 Answer: B Diff: 2 Terms: experience curve Objective: 6 AACSB: Reflective thinking 145) To the first setup on a new machine took an employee 200 minutes. Using an 80% cumulative average -time learning curve complete indicates that the second setup on the new machine is expected to take: A) 160 minutes B) 120 minutes C) 80 minutes D) 60 minutes Answer: B Explanation: B) 2 Diff: 3 T 7 AACSB: Analytical skills 146) To the first setup on a new machine took an employee 200 minutes. Using an 80% incremental unit-time learning model complete indicates that the second setup on the new machine is expected to take: A) 160 minutes B) 120 minutes C) 80 minutes D) 60 minutes An...
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