Which of the following statements is true when referring to the high-low method

Question

Which of the following statements is true when referring to the high-low method of cost analysis? Answer The high-low method has no major weaknesses. The high-low method is very hard to apply compared to regression analysis. In essence, the high-low method draws a straight line through two data points. None of the above is true. Which of the following statements is true when referring to the high-low method of cost analysis? Which of the following statements is true when referring to the high-low method of cost analysis? Which of the following statements is true when referring to the high-low method of cost analysis? The high-low method has no major weaknesses. The high-low method is very hard to apply compared to regression analysis. In essence, the high-low method draws a straight line through two data points. None of the above is true. The high-low method has no major weaknesses. The high-low method is very hard to apply compared to regression analysis. In essence, the high-low method draws a straight line through two data points. None of the above is true.

Explanation / Answer

In essence, the high-low method draws a straight line through two data points.

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