Which of the following statements is true when referring to the high-low method of cost analysis?
A. The high-low method is very hard to apply.
B. In essence, the high-low method draws a straight line through two data points.
C. The high-low method uses all of the available data to estimate fixed and variable costs.
D. The high-low method has no major weaknesses.
Answer: B
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Jackson determines that his older brother’s use of the word “radical” that differs from his own understanding of the word stems from a more subjective, personal, and is contextual by nature. Jackson learns that his brother’s definition of the word “radical” applies most likely what type of meaning?
A. connotative B. denotative C. syntactic D. pragmatic
The responsibility for the coordination of a company's budgeting activities normally rests with the Chief Financial Officer (CFO).
Answer the following statement true (T) or false (F)
Answer the following statements true (T) or false (F)
1. The primary reason that businesses keep their cash in a bank account is the ability to earn interest. 2. Cash is the most liquid asset reported on the balance sheet because it is the medium of exchange. 3. A signature card is a card that shows each authorized person's signature for a bank account. 4. As proof of the deposit transaction, a customer receives a canceled check from the bank.
The standardization of parts was encouraged by ______.
A. Eli Whitney B. Frederick Taylor C. Adam Smith D. Henry Ford