The Methods That Use Subjective Assessments to Choose a Cost

question 86

Multiple Choice

The methods that use subjective assessments to choose a cost driver and to estimate the fixed and variable components of the cost function are:

• A)conference and quantitative.
• B)conference and regressions.
• C)conference and simple regression.
• D)conference and account analysis.
• E)conference and industrial engineering.

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Definitions:

Material Facts

Information that could influence the decision-making process of a person or entity, considered significant in the context of legal and financial transactions.

Apparent Authority

A legal doctrine allowing a third party to rely on the representation of an agent that they have the authority to act on behalf of a principal, even if the agent lacks actual authority.

Actual Authority

The explicit power granted by a principal to an agent to conduct specific transactions or activities on the principal's behalf.

Price Fixing

An illegal agreement among competitors to set, raise, or stabilize prices or competitive terms.