Which of the Following Techniques Is Used to Improve Problem

question 13

Multiple Choice

Which of the following techniques is used to improve problem formulation?

• A) brainstorming
• B) nominal group technique
• C) dialectical inquiry
• D) Delphi technique

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Definitions:

High-low Method

A technique in managerial accounting used to estimate variable and fixed costs by analyzing the highest and lowest levels of activity.

Variable Cost Per Unit

The cost that varies with the level of output or activity, calculated on a per-unit basis.

Fixed Costs

Expenses that do not change with changes in the level of production or sales, such as rent, salaries, and insurance.

Contribution Margin

The amount by which a product's sales price exceeds its variable costs, used to cover fixed costs and generate profit.