The Major Disadvantage of the High-Low Method Is That

question 53

Multiple Choice

The major disadvantage of the high-low method is that:

• A) It uses the two most extreme data points in determining a cost function
• B) It is difficult to calculate
• C) It is difficult to understand
• D) It involves more judgmental factors than do other methods

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Definitions:

Work/Life Balance

The equilibrium between professional responsibilities and personal activities, aiming for a satisfying experience in both areas without undue stress.

Less Tolerant

Pertains to having a lower threshold of acceptance or patience for differing beliefs, behaviors, or practices.

High Tech

Refers to industries or technologies that are at the forefront of technological advances and innovation.

Structure

The arrangement or organization of parts as related to the whole; can refer to systems, buildings, texts, or organizations.