When Using the High-Low Method, the Two Observations Used Are

question 98

Multiple Choice

When using the high-low method, the two observations used are the high and low observations of the ________.

• A) cost driver
• B) fixed cost component
• C) slope coefficient
• D) direct cost

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Definitions:

Maslow's Hierarchy

A theory in psychology proposing that people are motivated by five basic categories of needs: physiological, safety, love/belonging, esteem, and self-actualization, prioritized hierarchically.

Clothing

Items worn on the body to protect, cover, or adorn, often reflecting personal style or cultural practices.

Deficiency Needs

pertain to basic requirements for physical and psychological well-being, as identified in Maslow's hierarchy of needs, including safety, love, and self-esteem.

Growth Needs

Psychological desires that drive individuals to achieve personal expansion and progress.