In Using High-Low Method, the Slope Coefficient Is Calculated by Dividing

question 169

True/False

In using high-low method, the slope coefficient is calculated by dividing the difference between highest and lowest observations of the cost driver by the difference between costs associated with highest and lowest observations of the cost driver.

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Definitions:

Criminal Law

The body of law that relates to crime and prescribes conduct perceived as threatening, harmful, or otherwise endangering to property, health, safety, and moral welfare of people.

Preponderance Of Evidence

A standard of proof in civil cases, requiring that a party's evidence be more convincing than the opponent's evidence to win the case.

Civil Law

A legal system originating in Europe, characterized by its codification of laws, that is distinguished from common law and covers areas such as contracts, family matters, and property.

Cyberlaw

A classification of law regulating business activities that are conducted online.