Which of the Following Methods Requires the Most Professional Judgment

question 94

Multiple Choice

Which of the following methods requires the most professional judgment in classifying costs?

• A)Scattergraph
• B)Regression analysis
• C)Account analysis
• D)High-low method

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Definitions:

Selfishness

The act of putting one's own needs and desires above the needs of others.

Self-Interest

The motivation of individuals to pursue their own welfare, benefits, or advantages, often used as a basic assumption in economics about human behavior.

Command Economy

An economic system where the government, rather than the free market, determines what goods should be produced, how much should be produced, and the price at which goods are offered for sale.

Public Interest

The welfare or well-being of the general public, often considered a guiding principle for governmental policy or action.