Which of the Following Is an Advantage of Using the Scattergraph

question 82

Multiple Choice

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

• A)It utilizes statistics to determine the "best fit."
• B)A cost analyst can review the data visually and eliminate outliers.
• C)It provides a superior quality cost formulae because it relies on the objective judgement of the analysts.
• D)The cost formula can be determined simply by looking at two points of data.

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Definitions:

Social Expectancies

Norms or beliefs about how people are supposed to behave in certain social situations, influencing interactions and perceptions.

Intellectual Expectancies

Preconceived standards or beliefs about intellectual abilities or outcomes that can influence behavior and performance.

Extraversion

A personality trait characterized by sociability, talkativeness, assertiveness, and high levels of emotional expressiveness.

Neuroticism

A personality trait characterized by sadness, moodiness, and emotional instability.