Analogous Estimation Is a Type of ________ Estimating Method

question 60

Multiple Choice

Analogous estimation is a type of ________ estimating method.

• A)comparative
• B)ballpark
• C)definitive
• D)feasibility

Understand internal controls related to inventory management and their importance.

Identify the security measures needed to safeguard inventory.

Analyze the effect of inventory errors on net income.

Apply cost flow assumptions to various situations to determine their impact on financial outcomes.

---

Definitions:

Spacing Effect

A phenomenon in which learning is greater when studying is spread out over time, as opposed to studying the same amount of content in a single session.

Distributed Study

A learning technique where study sessions are spread out over time, as opposed to cramming all material into a short period, enhancing long-term retention of information.

Massed Study

An educational technique involving studying material intensely over a short period of time without taking breaks, contrasted with spaced repetition.

Long-Term Retention

The ability to hold onto information or skills for extended periods, often many years.