B) high variable cost and low fixed cost
C) low variable cost and high fixed cost
D) low variable cost and low fixed cost
E) none of the above
Which one of the following statements about learning curves is true?
A) A learning curve assumes that the direct labor requirements per unit will
DECREASE at an INCREASING rate as cumulative production increases.
B) A larger learning curve rate implies faster (greater) learning.
C) A learning curve graph usually follows a negative exponential curve.
D) Learning curves can be used only for individuals, not for the whole organization
E) None of the above is true.
Which choice best describes level scheduling?
A) Daily production is variable from period to period.
B) Subcontracting, hiring, and layoffs manipulate supply.
C) Price points are calculated to match demand to capacity.
D) Inventory goes up or down to buffer the difference between demand and production.