A Method That Estimates Cost Behavior by Connecting the Costs

question 105

Multiple Choice

A method that estimates cost behavior by connecting the costs linked to the highest and lowest volume is called the:

• A) Scatter method.
• B) High-low method.
• C) Least-squares method.
• D) Break-even method.
• E) Step-wise method.

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Definitions:

Least Expensive

Refers to the option or solution that requires the lowest financial investment or cost.

Least Time-Consuming

Refers to tasks or processes that require the minimal amount of time to complete.

Situational Constraint

External factors that limit or influence an individual's performance or behavior in a given situation.

Training Effectiveness

A measure of how well an educational or training program achieves its objectives and improves the skills or knowledge of participants.