Effect of Child Trafficking on Nigerian Economy

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ACHIEVERS UNIVERSITY OWO BOLAJI ADEWALE AUO/12/1814 MANAGEMENT ACCOUNTING II (ACC 404) (a)Learning curve theory postulates that whenever a repetitive task is being performed, the average time spent in producing a unit falls by a specific percentage whenever the activity level is doubled. If the average time falls by 20% then learning phenomenal of 80% is present within the labour force, but if the average time falls by 30% then the effect of learning will be 70%. The CIMA official terminology states that the learning curve is “the mathematical expressions of the phenomenon that when complex and labour-intensive procedures are repeated, unit labour times tend to decrease as a constant rate. The learning effect can be represented by a line called a learning curve, which displays the relationship between the total direct labour per unit and cumulative quantity of a product or service produced. The learning curve relates to a repetitive job or task and represents the relationship between experience and productivity. The time required to produce a unit decreases as the operator or firm produces more units. The learning curve is an analytical tool that can be used to estimate the rate at which cumulative experience allows workers to do tasks faster and with less cost. Operations managers use learning curves to estimate how much the repetitions of a task will enable them to reduce the amount of resources required to accomplish the ask. A learning curve is defined by an equation that contains the rate of improvement (i.e., reduction in costs or reduction in time taken) in performing a task as a function of the cumulative repetitions of the task. As early as 1925, managers began developing learning curve concepts. The commander at Wright-Patterson Air Force Base in Dayton, Ohio, observed that workers performing manufacturing operations at the base exhibited a definite

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