Examlex
According to complexity science,which of the following should be the focus of measurement?
High-Low Method
A mathematical method that uses the total costs incurred at the high and low levels of activity to classify mixed costs into fixed and variable components.
Mixed Cost
A cost composed of a fixed and a variable component and changes in total with the level of activity, but not proportionally.
Variable
An element, feature, or factor that is liable to change or be changed, often used in the context of experiments, statistics, or mathematics.
Mixed Costs
Costs that contain both a variable- and a fixed-cost element and change in total but not proportionately with changes in the activity level.
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