Assume the Costs of a Service Department Are Driven by the Number

question 61

True/False

Assume the costs of a service department are driven by the number of service orders and the equation for calculating the costs of a service department is y = $5000 + $3x. The cost of the department if there were 6000 orders would be $25 000.

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Definitions:

System of Equations

A set of equations with the same variables, where the solution must satisfy all the equations in the system simultaneously.

Method of Substitution

A technique used to solve systems of equations by solving one equation for one variable and substituting that expression into the other equation.

System of Equations

A set of equations with the same variables, which are solved together to find a common solution for those variables.

Method of Elimination

A technique used to solve systems of equations by eliminating one of the variables.