When Predicting Costs at Other Volumes Using a Cost Equation

question 79

Multiple Choice

When predicting costs at other volumes using a cost equation derived from either the high-low method or regression analysis, managers should consider

• A)outliers.
• B)general inflation.
• C)seasonality.
• D)all of the above.

---

Definitions:

Fixed Interval

A schedule of reinforcement where the first response is rewarded only after a specified amount of time has elapsed, encouraging a pause after receiving the reward and a higher rate of response as the time for the next reward approaches.

Schedule of Reinforcement

A strategy in behavioral psychology detailing how and when responses will be rewarded.

Operant Conditioning

A learning strategy that involves the use of positive reinforcement and consequences for actions.

Fixed Interval

A schedule of reinforcement where the first response is rewarded only after a specified amount of time has elapsed.