A Method That Estimates Cost Behavior by Connecting the Costs

question 96

Multiple Choice

A method that estimates cost behavior by connecting the costs linked to the highest and lowest volume levels on a scatter diagram with a straight line is called the:

• A) Scatter method.
• B) High-low method.
• C) Least-squares method.
• D) Break-even method.
• E) Step-wise method.

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Definitions:

Used-Car Fraud

Deceptive practices associated with the buying and selling of pre-owned vehicles.

Do Not Call Registry

A list or database managed by a regulatory authority where individuals can add their phone numbers to avoid unsolicited marketing calls.

FTC

The Federal Trade Commission, a U.S. federal agency responsible for protecting consumers and competition by preventing anticompetitive, deceptive, and unfair business practices.

NAFTA

The North American Free Trade Agreement, a treaty among the United States, Canada, and Mexico to eliminate tariffs and facilitate trade among the three countries.