Which Method Are Managers Using When They Use Their Judgment

question 67

Multiple Choice

Which method are managers using when they use their judgment to classify costs as variable, fixed, or mixed?

• A)High-low method
• B)Account analysis
• C)Regression analysis
• D)Low-high method

Identify the use and benefits of special financial services and endorsements.

Understand the process and importance of bank reconciliation.

Comprehend the differences between insured and non-insured financial products.

Recognize the purposes and benefits of different types of loans and rates.

---

Definitions:

External Causes

Factors outside of an individual's or organization's control that can impact outcomes or performance.

Company Management

The process of directing and controlling a business or organization through the making and implementation of decisions.

Fast-growth Firms

Companies that experience rapid expansion in terms of revenue, profitability, or market share over a short period.

Viable Opportunities

Opportunities that present a realistic and achievable path for growth, development, or profit for a business or individual.