Hardigree Insurance Has Collected the Following Information Over the Last

question 25

Multiple Choice

Hardigree Insurance has collected the following information over the last six months. $$\begin{array} { c c c } \text { Month } & \text { Units produced } & \text { Total costs } \\\text { March } & 2,000 & \$ 6,700 \\\text { April } & 3,200 & 9,400 \\\text { May } & 2,200 & 7,100 \\\text { June } & 3,000 & 9,500 \\\text { July } & 2,800 & 8,000 \\\text { August } & 2,100 & 6,600\end{array}$$ Using the high-low method, how much is the total fixed cost?

• A) $2,300
• B) $2,200
• C) $4,400
• D) $7,910

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Definitions:

Humanistic Approach

A psychological perspective that emphasizes the study of the whole person, looking at human behavior not only through the eyes of the observer, but also through the eyes of the person doing the behaving.

Optimistic View

A mindset that tends to expect favorable outcomes and focuses on positive aspects of a situation.

Human Nature

The inherent characteristics, behaviors, and traits shared by all humans.

Empirical Research

The process of collecting and analyzing data through observation and experimentation to gain knowledge or prove theories.