Tools Are Typically Computer Programs That Make It Easy to Use

question 132

True/False

Tools are typically computer programs that make it easy to use and benefit from techniques and to faithfully follow the guidelines of the overall development methodology.

Assess the effect of activity level changes on total costs, net income, and cost per unit.

Estimate expected costs based on historical data using linear cost behavior assumptions.

Understand how to apply the high-low method to determine variable and fixed cost components.

Identify the nature of costs (fixed, variable, mixed, and step-variable) and their behaviors within relevant range.

---

Definitions:

Decision Maker

An individual or entity responsible for making choices that will impact outcomes in a business or personal context.

Marginal Benefit

The additional satisfaction or utility gained from receiving one more unit of a good or service.

Society's Well-Being

The overall level of happiness, health, and economic prosperity experienced by a community or society.

Total Benefit

The complete gain or satisfaction obtained from consuming a good, service, or undertaking a particular action.