Identify a major disadvantage of the scattergraph method
a. It bases its solution on two observations and assumes that all other unanalyzed relationships will fall along a straight line between these selected observations.
b. Visual inspection of the graph is not suitable for the identification of outliers.
c. The cost line is drawn through the data points based on visual inspection rather than mathematical techniques.
d. It ignores the importance of the relationship of cost factors to volume of activity, such as units of production or direct labor hours worked.
c
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If obsolete or damaged goods can be sold, they will be included in inventory at their original cost.
Answer the following statement true (T) or false (F)
Diversifiable risk is the relevant portion of risk attributable to market factors that affect all firms
Indicate whether the statement is true or false
A strong economy leads to:
A. a low gross domestic product. B. high tax percentages. C. high employment opportunities. D. low tax penalty rates. E. a low value of retirement accounts.
What refers to applications and technologies that are used to gather provide access to and analyze data and information to support decision-making efforts?
A. Data. B. Information technology. C. Business intelligence. D. IT resources.