The High-Low Method Uses Only Two of the Historical Data

question 62

True/False

The high-low method uses only two of the historical data points for estimating a cost equation

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Definitions:

Notochord

Cartilage-like supportive dorsal rod in all chordates at some time in their life cycle; replaced by vertebrae in vertebrates.

Vertebrates

Animals characterized by having a backbone or spinal column, including mammals, birds, reptiles, amphibians, and fish.

Chordates

A large phylum of animals that, at some stage in their development, possess a notochord, a hollow dorsal nerve cord, and pharyngeal slits, including vertebrates like fishes, amphibians, reptiles, birds, and mammals.