When using the visual-fit method to estimate a cost function, we can estimate the fixed cost by ________
A) the point where the sketched line (through all or most of the data points) intersects the x-axis
B) the point where the sketched line (through all or most of the data points) intersects the y-axis
C) calculating the variable cost per unit of the cost driver
D) subtracting the variable cost at any cost driver level from the total cost
B
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Research reports are grouped into three major sections: title, letter of transmittal, results and ending
Indicate whether the statement is true or false
Perhaps the most important distinction between standardization and adaptation is that ________
A) standardization helps the firm customize products according to customer preferences, while adaptation helps the firm save time B) standardization helps the firm cut costs, while local adaptation helps the firm more precisely cater to local needs and requirements C) standardization helps the firm cater to the needs of local customers, while adaptation helps the firm save costs through mass production D) standardization helps the firm upgrade quality to suit the unique tastes of consumers, while adaptation emphasizes uniformity