GMS 401 - TEST 2 2026/2027
Exam Questions and Answers |
Already Graded A+
Learning Curves - ANSWER ✔✔The premise that people and
organizations get better at their
tasks as the tasks are repeated;
sometimes called experience
curves.
Major Roles in Learning Curves - ANSWER ✔✔employment levels,
costs, capacity, and pricing.
,Doubling of Production - ANSWER ✔✔when production doubles, the
decrease in time per unit affects the rate of the learning curve.
T x L^n= time required for the nth unit
The Rate of Learning - ANSWER ✔✔depends on the the quality
management and the potential of the process and product.
What Disrupts the Learning Curve - ANSWER ✔✔Any change in
process, product, or personnel disrupts the learning curve.
The steeper the slope of learning curve - ANSWER ✔✔the faster the
drop in costs
(75% learning rate is better than 85%)
products that decline more steeply than others - ANSWER ✔✔Stable,
standardized products and processes
Learning Curves are useful for - ANSWER ✔✔1. Internal: Labour
forecasting, scheduling, establishing costs and budgets
2. External: Supply Chain Negotiations
, 3. Strategic: Evaluation of a Company and industry performance,
including costs and pricing.
If Learning Curves are Ignored - ANSWER ✔✔Problems such as
Scheduling Mismatches - Leading to idle labour and productive
efficiencies
Refusal to accept new orders because capacity is assumed to be full
Missing and opportunity to negotiate with suppliers for lower purchase
prices as a result of large orders.
Three Ways to Approach the Mathematics of Learning Curves -
ANSWER ✔✔1. Arithmetic Analysis
2. Logarithmic Analysis
3. Learning Curve Coefficients
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2026. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
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Exam Questions and Answers |
Already Graded A+
Learning Curves - ANSWER ✔✔The premise that people and
organizations get better at their
tasks as the tasks are repeated;
sometimes called experience
curves.
Major Roles in Learning Curves - ANSWER ✔✔employment levels,
costs, capacity, and pricing.
,Doubling of Production - ANSWER ✔✔when production doubles, the
decrease in time per unit affects the rate of the learning curve.
T x L^n= time required for the nth unit
The Rate of Learning - ANSWER ✔✔depends on the the quality
management and the potential of the process and product.
What Disrupts the Learning Curve - ANSWER ✔✔Any change in
process, product, or personnel disrupts the learning curve.
The steeper the slope of learning curve - ANSWER ✔✔the faster the
drop in costs
(75% learning rate is better than 85%)
products that decline more steeply than others - ANSWER ✔✔Stable,
standardized products and processes
Learning Curves are useful for - ANSWER ✔✔1. Internal: Labour
forecasting, scheduling, establishing costs and budgets
2. External: Supply Chain Negotiations
, 3. Strategic: Evaluation of a Company and industry performance,
including costs and pricing.
If Learning Curves are Ignored - ANSWER ✔✔Problems such as
Scheduling Mismatches - Leading to idle labour and productive
efficiencies
Refusal to accept new orders because capacity is assumed to be full
Missing and opportunity to negotiate with suppliers for lower purchase
prices as a result of large orders.
Three Ways to Approach the Mathematics of Learning Curves -
ANSWER ✔✔1. Arithmetic Analysis
2. Logarithmic Analysis
3. Learning Curve Coefficients
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2026. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
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