When Evaluating a Cost Function and Its Estimates,it Is Important

question 120

Multiple Choice

When evaluating a cost function and its estimates,it is important to see if the estimated cost function makes economic sense.This is assessed by ________.

• A)examining the sign of the coefficient of determination
• B)examining the sign of the fixed cost estimate
• C)examining the sign of the variable cost estimate
• D)examining the standard deviation of the cost driver

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Definitions:

Benefits Unimportant

A perspective or situation where the advantages or positive outcomes of a product or service are undervalued or ignored by the customer or client.

Memorized Sales Presentation

A method of selling in which the sales pitch is precisely scripted for the salesperson.

Telephone Selling

The process of engaging potential customers through phone calls with the aim of promoting products or services and securing sales.

Core Principles

Fundamental beliefs or values that serve as the foundation for an organization, individual's actions, or the functioning of a system.