Best Case Analysis Is A(n) ____ View of the Problem

question 52

Multiple Choice

Best case analysis is a(n) ____ view of the problem.

• A) pessimistic
• B) optimistic
• C) risky
• D) certain

---

Definitions:

Mixed Cost

A cost that contains both variable and fixed cost elements.

Account Analysis

A method used in accounting to evaluate and break down the detailed costs of an account into its various components.

High-Low Method

A technique used to estimate variable and fixed components of a cost by analyzing the highest and lowest activity levels.

Least-Squares Regression

A statistical method used to determine the line of best fit by minimizing the sum of the squares of the differences between observed values and those predicted by the line.