In describing the cost formula equation, Y = a + bX, which of the following is correct? a. “Y” is the independent variable b. “a” is the variable cost per unit c. “a” and “b” are valid for all levels of activity d. in the high-low method, “b” equals the change in cost divided by the change in activity.

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Management by Exception

A manager’s job is a very tough one. A manager needs to look at the various areas of work and as a manager he has to look after two or more important jobs or activities at the same time for the growth of the business. In order to do all these things in an effective manner, a manager must adopt or practice different management styles and tactics.