Using the High-Low Method, Managers Use the Two Observations Pertaining

question 3

True/False

Using the high-low method, managers use the two observations pertaining to the highest and lowest activity levels because these values are most likely to define any abnormal costs.

---

Definitions:

Inner Harmony

A state of mental and emotional balance where an individual feels peace and satisfaction with life’s circumstances.

Family Security

The state of being free from danger or threats regarding a family's health, well-being, and financial position, ensuring a stable environment.

Individualism View

A perspective that emphasizes the importance of personal freedom and self-reliance, often contrasting with collectivist approaches.

Self-interests

Refers to actions or decisions motivated by personal gain, advantage, or benefit, often considered in economic and behavioral analyses.