Question

The most important factor(s) effecting the learning curve rate include(s):

Select one:

A. Complexity of the task

B. Percentage of mechanical input

C. Percentage of human input

D. Only A and C

Yield management, also known as revenue management is the amount of output of acceptable quality emerging from a production system compared with the amount that entered it.

Select one:

True

False

Obtaining lower unit costs through the use of larger facilities is called economies of scope.

Select one:

True

False

It is not unusual for fire departments to use “slack months” for building inspections, conducting prevention programs and giving talks as a way to have anticyclic outputs.

Select one:

True

False

In addition to showing time schedules, Gantt charts can also be used for capacities of facilities, workers, jobs,activities, and so forth.

Select one:

True

False

Answer 1

Answer 1)

D. Only A and C

A signifies the Complexity of the task.

C signifies the percentage of human input.

The Learning curve rate is dependent on the task completion and the human effort made to complete that task. The learning curve rate is calculated on the basis of the learning curve.

Answer 2)  TRUE

Yield management, also known as revenue management is a strategy that is used on the basis of consumer behavior to increase revenue and profits. It involves selling the right product at the right place and at the right time in the right quality.

Answer 3)  TRUE

Economies of scope mean production of multiple products in large quantities so as to reduce the total per-unit costs.

Answer 4) TRUE

It is a general practice followed by the fire department to use “slack months” for building inspections, conducting prevention programs and giving talks as a way to have anti-cyclic outputs.

Anti cyclic output means an output that counters to the fire cycle or fire prevention.

Answer 5) FALSE

Gantt charts are used to show the time schedules of specific tasks in the project. However, it cannot be used for the capacities of facilities, jobs, activities and so forth.