Put the Following Steps in Order for Using the High-Low

question 35

Multiple Choice

Put the following steps in order for using the high-low method of estimating a cost function:
A = Identify the cost function
B = Calculate the constant
C = Calculate the slope coefficient
D = Identify the highest and lowest observed values

• A)C D A B
• B)D C A B
• C)A D C B
• D)D C B A

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Definitions:

Wage Earner's Assignment

A legal agreement allowing for the voluntary deduction of money from an employee's wages to pay off debts.

Statutes

Laws established by legislative bodies at local, state, or federal levels.

Future Wages

The earnings an individual is anticipated to make in the future, sometimes considered in legal judgments or financial planning.

Delegate

To entrust a task or responsibility to another person, usually from someone with a higher authority to someone with a lower authority.