MANAGERIAL ACCOUNTING ACC3542 UNIVERSITY OF VENDA

LENGTH MINIMUM OF 4-5 PAGES Learning curves, also called experience curves, relate to the much broader subject of natural limits for resources and technologies in general. Such limits generally present themselves as increasing complications that slow the learning of how to do things more effectively, like the well known limits of perfecting any process or product or to perfecting measurements. Approaching limits of perfecting things to eliminate waste meets geometrically increasing effort to make progress, and provides an environmental measure of all factors seen and unseen changing the learning experience. Briefly discuss and illustrate the above-mentioned statement