The Ideal Data Base for Estimating Cost Functions Quantitatively Has

question 44

Multiple Choice

The ideal data base for estimating cost functions quantitatively has the following characteristic:

• A)The data base should consider many values spanning a wide range for the cost driver.
• B)There is no homogeneous relationship between the cost driver and the individual cost items.
• C)The gaps in the data can be reliably estimated.
• D)The data base should contain a few reliably measured observations.
• E)The data based should be based on audited accounts.

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Definitions:

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