The Ability to Examine the Variability of a Solution Due

question 21

Multiple Choice

The ability to examine the variability of a solution due to changes in the formulation of a problem is an important part of the analysis of the results.This type of analysis is called ________ analysis.

• A)sensitivity
• B)implicit
• C)normal
• D)scale
• E)objective

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Definitions:

Net Operating Income

A company's revenue minus its operating expenses, not including taxes and interest.

Service Company

A business that provides intangible products or services to customers, as opposed to selling physical goods.

Flexible Budget

An elastic budget that varies according to fluctuations in volume or operational activities.

Revenue

The total income generated by the sale of goods or services before any expenses are deducted.