Which of the Following Is an Advantage of Using the Scatter-Graph

question 68

Multiple Choice

Which of the following is an advantage of using the scatter-graph method over the high-low method to estimate costs?

• A) It is a statistical method to determine "best fit".
• B) A cost analyst can review the data visually and eliminate outliers.
• C) The quality of the cost formula relies on the objective judgment of the analysts.
• D) The cost formula can be determined simply by looking at two points of data.

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Definitions:

Identity Crisis

A phase marked by indecision and chaos, where someone's self-identity is uncertain, frequently due to modifications in their social position or planned ambitions.

Self-Esteem

The subjective evaluation or appraisal of one's own worth as a person.

Oedipus Complex

A concept in psychoanalytic theory referring to a child's unconscious attraction to the opposite-sex parent and jealousy toward the same-sex parent.

Behavioral Responses

Observable reactions or actions of an organism, often in response to external or internal stimuli.