The High-Low Method Differs from the Scattergraph in That the High-Low

question 91

Multiple Choice

The high-low method differs from the scattergraph in that the high-low method

• A)Is simple to prepare and interpret whereas the scattergraph requires the use of statistical techniques.
• B)Is less costly than the scattergraph method.
• C)Uses a statistical technique to estimate the cost components.
• D)Requires only two data points - the lowest point of activity and the highest point of activity.

Recognize the impact of waste, especially in developed countries, on the environment.

Know the major environmental and sustainability issues recognized in the twentieth and twenty-first centuries.

Understand the potential impact of biofuels like ethanol on food supplies and the environment.

Identify and differentiate between certification programs for environmentally sustainable buildings.

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Definitions:

Financial Statement

A formal record of the financial activities of a business, person, or other entity, presenting its financial performance and position at a given point in time.

Specific Date

A particular day singled out from others because of its significance or relevance to an event or action.

Supplies on Credit

The acquisition of business supplies with an agreement to pay the supplier at a later date.

Accounting Equation

The fundamental equation of double-entry bookkeeping, stating that assets equal liabilities plus equity (Assets = Liabilities + Equity).