1. A learning curve is a line displaying the relationship between unit production time and the cumulative number of units produced.

True or false

2. A production facility works best when it focuses on a fairly limited set of production objectives.

True or false

3. With a 70 percent unit improvement factor learning curve and an initial time of 100 minutes to do a job, at what number of repetitions does the job take less than 50 minutes?

a.		2 repetitions of the job
b.		3 repetitions of the job
c.		4 repetitions of the job
d.		5 repetitions of the job
e.		6 repetitions of the job

4. The 50th repetition of a job is timed at 100 minutes. If the learning curve for this job is 90 percent, what is the estimated time for the 100th repetition of this job?

	a.	49.66 minutes
	b.	81 minutes
c.		90 minutes
d.		100 minutes
e.		110 minutes

5. Which of the following is a measure of operations and supply management efficiency used by Wall Street?

	a.	Dividend payout ratio
b.		Current ratio
c.		Receivable turnover
d.		Earnings per share growth
	e	Financial leverage