A scatter plot is especially useful when managers wish to
A) Compute a cost function
B) Update a past cost function for future changes
C) Study the relationship between a cost and a potential cost driver
D) Analyze cost behavior when only one period of data is available

Question

Quizplus · Accepted Answer

A scatter plot is used to visually assess the relationship between two variables, such as a cost and a potential cost driver, to determine if there is a correlation.

A Scatter Plot Is Especially Useful When Managers Wish to