The experience curve refers to systematic increases in production costs that have been observed to occur over the life of a product
Indicate whether the statement is true or false.
FALSE
The experience curve refers to systematic reductions in production costs that have been observed to occur over the life of a product. A number of studies have observed that a product's production costs decline by some quantity about each time cumulative output doubles.
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Big organizations and government can make mistakes on their designs of information systems.
Indicate whether the statement is true or false.
Orleans, Inc was incorporated on January 1, 2014. Orleans issued 4,000 shares of common stock and 1,200 shares of preferred stock on that date. The preferred stock is cumulative, $100 par, with an 12% dividend rate. Orleans has not paid any dividends yet. In 2017, Orleans had its first profitable year, and on November 1, 2017, Orleans declared a total dividend of $63,000. What is the total amount that will be paid to preferred shareholders?
A) $14,400 B) $57,600 C) $13,200 D) $63,000