The methods to approximate cost functions are not ________; managers frequently use two or more together to avoid ________ in measuring cost behavior.
A) the same; duplication
B) mutually exclusive; errors
C) complementary; errors
D) similar; duplication

Question

Quizplus · Accepted Answer

The methods to approximate cost functions are not mutually exclusive, meaning managers can use more than one method together. This approach helps to avoid errors in measuring cost behavior, as relying on a single method might not capture all aspects of cost behavior accurately.

The Methods to Approximate Cost Functions Are Not ________; Managers