Complexity and Dynamism Are Two Elements That Affect Environmental Uncertainty

question 34

True/False

Complexity and dynamism are two elements that affect environmental uncertainty.

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Definitions:

High-low Method

The high-low method is a way of estimating the fixed and variable components of a cost by using the highest and lowest activity levels and their corresponding costs.

Fixed Costs

Expenses that do not change with the level of goods or services produced by the business, such as rent and salaries.

Variable Costs

Costs that vary directly with the level of production or service volume.