Random variations are movements that are not predictable and follow no pattern

Indicate whether this statement is true or false.


Answer: TRUE

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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.

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The ___________________________________ feature allows you to enter additional contacts from the same company without rekeying the company name, address, and telephone number

Fill in the blank(s) with correct word

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An automobile will never be considered be a necessary item for a minor

a. True b. False Indicate whether the statement is true or false

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Long-term investments in available-for-sale securities are reported at fair value on the balance sheet.

Answer the following statement true (T) or false (F)

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