A Type of Sensitivity Analysis (Called What If in Microsoft

question 95

True/False

A type of sensitivity analysis (called what if in Microsoft Excel) involves having the spreadsheet compute the amount a constant value would need to be in order for the result of a particular formula to become a specified amount. _________________________

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Definitions:

Nonprogrammed Decisions

Decisions made in response to situations that are unique, are poorly defined and largely unstructured, and have important consequences for the organization.

Nonprogrammed Decisions

Decisions that are unique, require specific solutions, and are not based on established guidelines or procedures.

Standardized Responses

Preset or uniform reactions or answers to specific stimuli or situations, often used to ensure consistency and efficiency.

Recurring Situations

Events or conditions that happen repeatedly over time in a predictable pattern or sequence.