Which of the following statement/s is/are true concerning cost estimation methods?
A) Cost behaviour is always assumed to depend on more than one cost driver.
B) Cost behaviour patterns are curvilinear.
C) Costs and benefits of using sophisticated and costly cost-estimation methods must be evaluated.
D) Cost behaviour is always assumed to depend on more than one cost driver AND costs and benefits of using sophisticated and costly cost-estimation methods must be evaluated.

Question

Quizplus · Accepted Answer

Cost estimation methods should consider the costs and benefits of using sophisticated methods to ensure that the benefits outweigh the costs.

Which of the Following Statement/s Is/are True Concerning Cost Estimation