Which Characteristic Is True of the High-Low Method, the Scattergraph

question 30

Multiple Choice

Which characteristic is true of the high-low method, the scattergraph method, and regression analysis?

• A)All methods will produce the same estimate of variable and fixed costs.
• B)All methods use historic data to estimate variable and fixed costs.
• C)All methods use only two data points in analyzing a mixed cost.
• D)None of the above is true.

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Definitions:

Maslow's Hierarchy

A theory in psychology, proposed by Abraham Maslow, which outlines a five-tier model of human needs, from basic physiological needs to self-actualization.

Survival Needs

Basic requirements necessary for humans to live and function, such as air, water, food, shelter, and safety.

Maslow's Hierarchy

Maslow's hierarchy is a theory in psychology proposed by Abraham Maslow, which outlines a five-tier model of human needs, arranged in a hierarchical order from physiological needs to self-actualization.

Organization

An entity comprising multiple people, such as a company or society, organized for a particular purpose.