With the Aid of Computer Software, Managers Can Vary Assumptions

question 54

Multiple Choice

With the aid of computer software, managers can vary assumptions regarding selling prices, costs, and volume and can immediately see the effects of each change on the break-even point and profit. This is called

• A) "what if" or sensitivity analysis
• B) vary the data analysis
• C) computer-aided analysis
• D) data gathering

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Definitions:

Proactive

An approach characterized by taking initiative and action to prevent problems before they arise, rather than reacting to them after they occur.

Complex

Composed of many interrelated parts or elements, intricate, or difficult to understand.

Performance Review Session

A performance review session is a formal meeting between an employee and their supervisor to assess the employee's work performance, discuss goals, and provide feedback.

Tell-and-Listen Approach

A communication style where information is clearly conveyed and feedback is actively sought and considered.