The learning curve rate is:

A) the percentage of time it will take to make each unit when the production rate doubles.
B) the log-log of the annual rate change divided by the average unit cost.
C) always based on constant value dollars.
D) only considered valid after one year of data is accumulated.
E) equal to at least 75%.

A

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Fill in the blank(s) with the appropriate word(s).

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Which of the following is not an example of risk reduction?

A) Wearing seat-belts B) Looking both ways before you cross the street C) Purchasing homeowner's insurance D) Installing a smoke detector

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