Which of the Following Is/are One of the Criteria Used

question 90

Multiple Choice

Which of the following is/are one of the criteria used when a manager evaluates an estimated cost function for decision making purposes?

• A) economic plausibility
• B) goodness of fit
• C) irrelevant high-low outliers
• D) specifications analysis
• E) economic plausibility and goodness of fit

---

Definitions:

U.S. Constitution

The foundational document of the United States, establishing the framework of the federal government and outlining the rights and freedoms of its citizens.

Ratify

The act of officially approving a treaty, agreement, or legislation, making it formally valid.

Three-Fifths Compromise

An agreement reached during the 1787 United States Constitutional Convention that counted three out of every five slaves as a person for purposes of representation and taxation.

Extra Representation

Additional or surplus representation, often in the context of legislative bodies where certain regions or groups receive more representatives than others based on various factors.