When a Relationship Between the Cost Driver and the Cost

question 59

True/False

When a relationship between the cost driver and the cost is not stationary,the managerial accountant should pool data to provide a larger data set to obtain the cost estimation.

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Definitions:

Telephone Interview

A research or assessment method where questions are asked and answers are obtained via telephone, commonly used in surveys and job screening.

Data Collection

The process of gathering and measuring information on targeted variables in an established systematic fashion, enabling one to answer relevant questions and evaluate outcomes.

Personal Interview

A qualitative research method involving direct face-to-face conversation between the interviewer and respondent to gather information or data.

Data Collection

Data collection is the process of gathering and measuring information on variables of interest, systematically, enabling one to answer stated research questions.