Determining Whether Expected Cost Savings, Increased Profits, and Other Benefits

question 14

Multiple Choice

Determining whether expected cost savings, increased profits, and other benefits exceed the cost of developing and operating a system is related to _______________ feasibility.

• A) economic
• B) functional
• C) operational
• D) system

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Definitions:

Scatter Diagram

A graphical representation used to show the relationship between two variables, often to identify potential correlations or patterns.

Least-Squares Regression

The least-squares regression is a statistical method used to determine a line of best fit by minimizing the sum of squares created by a mathematical function.

Curvilinear Cost

A cost behavior that does not consistently increase or decrease but varies based on changes in activity level, illustrating a non-linear relationship.

Mixed Cost

A cost that contains a combination of fixed and variable components and changes in total with the level of output or activity.