Which of the Following Items Should Be Considered in Addition

question 29

Multiple Choice

Which of the following items should be considered in addition to simplicity by managers when designing accounting systems?

• A)Cost-benefit balances should be considered.
• B)Behavior implications should be considered.
• C)Cost-benefit balances and behavior implications should be considered.
• D)None of these answers is correct.

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Definitions:

Deviation

The difference between a observed value and some reference point, often the mean of the data set.

Regression Line

A straight line that best fits the data points in a scatter plot, showing the relationship between an independent variable and a dependent variable.

Practical Model

A practical model is an applied or practical representation designed to solve real-world problems or to make predictions about events in everyday practical contexts.

Sum of Squares for Regression

A measure of the variation explained by the regression line, indicating the goodness of fit of the model.