Learning curve effects can be incorporated:
A)into performance evaluations
B)into production schedules
C)when using costs to price products
D)All of these answers are correct.

Question

Quizplus · Accepted Answer

Learning curve effects, which refer to the tendency of labor productivity to improve over time due to experience gained from performing a task repeatedly, can be incorporated into performance evaluations to assess how quickly employees are improving and whether they are meeting established goals. They can also be used to inform production schedules, particularly with regard to how much time should be allocated for training new workers. Finally, learning curve effects can inform pricing decisions by providing insights into how labor costs are likely to change as production volumes increase, allowing companies to set prices that reflect both fixed and variable costs. Thus, all of these options are correct.

Learning Curve Effects Can Be Incorporated