Analysts Should Take Which Step(s)in Analyzing Cost Data

question 50

Multiple Choice

Analysts should take which step(s) in analyzing cost data?

• A)Review alternative cost drivers.
• B)Plot the data.
• C)Examine the data and method of accumulation.
• D)All of the answers are correct.

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Definitions:

Premises

Statements or propositions from which a conclusion can be drawn, used as the basis for a logical argument.

Analogies

Comparisons made between two things that are alike in some respects, often used to explain or clarify concepts.

Conclusions

Statements or judgments that follow logically from the analysis of information, summarizing findings and providing closure on a subject or issue.

Slippery Slope

A logical fallacy or argument that suggests taking a minor action will lead to major and oftentimes negative consequences without providing evidence for such a drastic outcome.