The High-Low Method and the Least-Squares Regression Method Are Used

question 71

Multiple Choice

The high-low method and the least-squares regression method are used by accountants to:

• A)evaluate divisional managers for purposes of promotions.
• B)choose among alternative courses of action.
• C)maximize output.
• D)estimate costs.
• E)control operations.

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Definitions:

Right to Redeem

The legal right to reclaim property or an asset that has been sold, under certain conditions, within a specified period.

Security Agreement

A contract that grants a lender a security interest in a specified asset or property, serving as collateral for a loan.

Personal Property Registry

The Personal Property Registry is a legal database where security interests in personal property (items other than real estate) are registered, facilitating the public notice of claims.

Personal Property Registry

A legal registry for the public recording of interests in personal property (excluding real estate) to establish priorities and rights in that property.