All individual cost items included in the dependent variable should have ________

A) a different cost driver
B) an independent relationship with the independent variable
C) an economically plausible relationship with the cost driver
D) a heterogeneous cost pool

Answer: C

Business

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Which of the following phrases describes the objective value that would be placed on a property by a buyer in an open market?

A. Value in use B. Value in exchange C. Market value D. Both B and C

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In a nonstatutory action against a CPA, lack of privity is a viable defense if the plaintiff

A. Is the client's creditor who sues the CPA for negligence. B. Can prove the presence of gross negligence that amounts to a reckless disregard for the truth. C. Is the CPA's client. D. Bases the action upon fraud.

Business