Homework Help is Here – Start Your Trial Now!
Business
Management
Select choice that states the strengths and weaknesses of the visual-fit methods. OA The visual-fit method is easy to apply and illustrates mathematically how a change in a cost driver can change total cost. However, the time it takes to collect the data is cumbersome and therefore not a very popular method. OB. The visual-fit method does not require many data points to determine the results. However, it is not reliable because it does not use all of the available data making the margin of error greater. OC. The visual-fit method uses all the available and relevant data. However, it may not be reliable since it relies on the analyst's judgment on where to place the line. OD. The visual-fit method does not require statistical sophistication in analyzing the data results. However, the method is not used as often because it makes irrelevant data relev relevant, and in turn skewing the data.

Select choice that states the strengths and weaknesses of the visual-fit methods. OA The visual-fit method is easy to apply and illustrates mathematically how a change in a cost driver can change total cost. However, the time it takes to collect the data is cumbersome and therefore not a very popular method. OB. The visual-fit method does not require many data points to determine the results. However, it is not reliable because it does not use all of the available data making the margin of error greater. OC. The visual-fit method uses all the available and relevant data. However, it may not be reliable since it relies on the analyst's judgment on where to place the line. OD. The visual-fit method does not require statistical sophistication in analyzing the data results. However, the method is not used as often because it makes irrelevant data relev relevant, and in turn skewing the data.

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
See similar textbooks
icon
Related questions
Question
Select choice that states the strengths and weaknesses of the visual-fit methods. OA The visual-fit method is easy to apply and illustrates mathematically how a change in a cost driver can change total cost. However, the time it takes to collect the data is cumbersome and therefore not a very popular method. OB. The visual-fit method does not require many data points to determine the results. However, it is not reliable because it does not use all of the available data making the margin of error greater. OC. The visual-fit method uses all the available and relevant data. However, it may not be reliable since it relies on the analyst's judgment on where to place the line OD. The visual-fit method does not require statistical sophistication in analyzing the data results. However, the method is not used as often because it makes irrelevant data relev relevant, and in turn skewing the data.
Transcribed Image Text:Select choice that states the strengths and weaknesses of the visual-fit methods. OA The visual-fit method is easy to apply and illustrates mathematically how a change in a cost driver can change total cost. However, the time it takes to collect the data is cumbersome and therefore not a very popular method. OB. The visual-fit method does not require many data points to determine the results. However, it is not reliable because it does not use all of the available data making the margin of error greater. OC. The visual-fit method uses all the available and relevant data. However, it may not be reliable since it relies on the analyst's judgment on where to place the line OD. The visual-fit method does not require statistical sophistication in analyzing the data results. However, the method is not used as often because it makes irrelevant data relev relevant, and in turn skewing the data.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
Recommended textbooks for you
Understanding Business
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
Management (14th Edition)
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract…
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
Management Information Systems: Managing The Digi…
Management Information Systems: Managing The Digi…
Management
ISBN:
9780135191798
Author:
Kenneth C. Laudon, Jane P. Laudon
Publisher:
PEARSON
Business Essentials (12th Edition) (What's New in…
Business Essentials (12th Edition) (What's New in…
Management
ISBN:
9780134728391
Author:
Ronald J. Ebert, Ricky W. Griffin
Publisher:
PEARSON
Fundamentals of Management (10th Edition)
Fundamentals of Management (10th Edition)
Management
ISBN:
9780134237473
Author:
Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:
PEARSON
SEE MORE TEXTBOOKS