Which of the Following Is a Cost Estimation Approach That

question 22

Multiple Choice

Which of the following is a cost estimation approach that is not based on fitting historical data points to a line?

• A)Account analysis
• B)High-low method
• C)Regression analysis
• D)Margin of safety analysis

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Definitions:

Industrial Ecosystems

Networks of businesses and organizations that work together, sharing resources and capabilities to enhance environmental and economic outcomes.

Closed-Loop

A system or process that recycles its output back into the system as an input, minimizing waste and maximizing efficiency.

Economic Production

The process of creating goods and services through the combination of labor, capital, and resources to meet consumer demand and generate wealth.

Global Reporting Initiative

Promotes environmental, economic and social responsibility.