Which of the following statements regarding the usefulness of learning curves is false?
A) An external use of learning curves is in supply-chain negotiations.
B) A strategic use of learning curves is in evaluating company and industry performance.
C) An internal use of learning curves is in establishing costs.
D) An internal use of learning curves is in labour forecasting.
E) A strategic use of learning curves is in establishing budgets.

Question

Quizplus · Accepted Answer

Learning curves are not typically used to establish budgets. While they can help estimate the cost of future production, they are more commonly used to analyze how quickly workers will become more efficient at a task over time. The other statements regarding external supply-chain negotiations, strategic evaluations of performance, and internal cost and labor forecasting are all valid uses of learning curves.

Which of the Following Statements Regarding the Usefulness of Learning