Estimatingtherelationshipbetweenthedependentvariablean

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Unformatted text preview: lot of data that results in one extreme observation MOST likely indicates that: A) more than one cost pool should be used B) an unusual event such as a plant shutdown occurred during that month C) the cost- allocation base has been incorrectly identified D) individual cost items do not have the same cost driver Answer: B Diff: 2 Terms: cost estimation, cost function Objective: 4 AACSB: Reflective thinking 105) Cross- sectional data analysis includes: A) using a variety of time periods to measure the dependent variable B) using the highest and lowest observation C) observing different entities during the same time period D) comparing information in different cost pools Answer: C Diff: 2 Terms: cost estimation Objective: 4 AACSB: Reflective thinking 106) Time- series data analysis includes: A) using a variety of time periods to measure the dependent variable B) using the highest and lowest observation C) observing different entities during the same time period D) comparing information in different cost pools Answer: A Diff: 2 Terms: cost estimation Objective: 4 AACSB: Reflective thinking 107) When using the high-low method, the two observations used are the high and low observations of the: A) cost driver B) dependent variables C) slope coefficient D) residual term Answer: A Diff: 2 Terms: high-low method Objective: 4 AACSB: Reflective thinking 108) When using the high-low method, the denominator of the equation that determines the slope is the: A) dependent variable B) independent variable C) difference between the high and low observations of the cost driver D) difference between the high and low observations of the dependent variables Answer: C Diff: 2 Terms: high-low method Objective: 4 AACSB: Reflective thinking 109) The high- low method: A) easily handles estimating the relationship between the dependent variable and two or more independent variables B) is more accurate than the regression method C) calculates the slope coefficient using only two observed values within the relevant range D) uses the residual term to me...
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This note was uploaded on 12/12/2012 for the course SB 305 taught by Professor Brown during the Spring '08 term at Clarkson University .

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