Case-Based Critical Thinking Questions Case 1 - Jack of All

question 44

Multiple Choice

Case-Based Critical Thinking Questions Case 1 - Jack of All Trades
Jack of All Trades rents small power equipment to commercial and residential customers. The strCustomer variable is used to determine whether a customer is commercial (C) or residential (R) . Commercial customers receive a 10% discount if they are members of the Rental Rewards Program. Residential customers receive a 5% discount if they are members.
The message provided when a customer is not a current member of the Rental Rewards Program is "Enroll this customer in the Rental Rewards Program?". The clerk must enter a decision before the application can continue. Which of the message box buttons should be used?

• A) OK
• B) OKCancel
• C) YesNo
• D) Information

---

Definitions:

High-low Method

A technique in managerial accounting used to estimate the variable and fixed cost components of a cost formula, analyzing the highest and lowest levels of activity.

Scattergraph

A graphical method used in statistics to display the values of two variables for a set of data, helping to identify the relationship between them.

Independent Variable

A variable that acts as a causal factor; activity is the independent variable, as represented by the letter X, in the equation Y = a + bX.

Least-squares Regression

A statistical method used to determine the line of best fit by minimizing the sum of the squares of the vertical deviations from each data point to the line.