A Limitation of Using the Scattergraph Method to Estimate the Cost

question 32

Multiple Choice

A limitation of using the scattergraph method to estimate the cost components of total cost is

• A)the scattergraph method is complex and costly to use.
• B)the scattergraph method requires the use of statistical software.
• C)the scattergraph method is not an accepted method for many companies.
• D)the choice of the line used to estimate the cost components is subjective.

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Definitions:

Foreign Businesses

Companies that operate in a country other than the one where they are headquartered.

Social Media

Platforms and websites that enable users to create, share content or participate in social networking, significantly impacting communication and information sharing.

Tourism Promotion

The marketing efforts made to attract visitors to a particular place or destination, highlighting its attractions, experiences, and cultural value.

Country Image

The perception of a nation by foreigners based on its culture, politics, economic status, and other factors.