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) The formula describing the learning curve principle of doubling is computed differently when computing unit cost as opposed to unit time.
C
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If an individual life insurance policy contains a spendthrift provision, the policy can prohibit the beneficiary from taking all of the following actions EXCEPT
A) borrowing against the policy B) exchanging the policy C) receiving equal installment payments under the policy D) surrendering the policy for cash"
The interest rate may be increased or decreased during the term of the loan under which of the following government financing programs?
a. FHA b. Cal Vet c. VA d. Both FHA and VA