In Determining Cost Behavior in Business,the Cost Function Is Often

question 18

Multiple Choice

In determining cost behavior in business,the cost function is often expressed as Y = a + bX.Which one of the following cost estimation methods should not be used in estimating fixed and variable costs for the equation? (CMA adapted)

• A)Scattergraph method.
• B)Simple regression.
• C)High and low point method.
• D)Multiple regression.
• E)Management analysis of data.

Understand the unique characteristics and jurisdictions of federal courts, including specialized courts.

Identify and analyze the legal concepts related to class actions and their outcomes.

Understand the basics of object-oriented programming concepts such as classes, methods (public and private), constructors, and objects.

Distinguish between class members (methods and variables), including understanding of static and instance members.

---

Definitions:

What-If Analysis

A process used in decision making to explore the outcomes of different scenarios by altering variables in a model.

Changing Values

The process of altering the content or magnitude of data points within a dataset or spreadsheet.

Referenced Cells

Cells in a spreadsheet that are referred to by a formula or function in another cell.

Incorrect Number

Refers to an error or mistake involving a numerical value or figure, often leading to inaccurate results or understanding.