Sensitivity Analysis, What-If Analysis, Optimization Analysis, and Market Basket Analysis

question 87

True/False

Sensitivity analysis, what-if analysis, optimization analysis, and market basket analysis are the common DSS analysis techniques.

Calculate break-even points in units and sales dollars under different cost and price scenarios.

Analyze the effects of changes in fixed costs, variable costs, and selling price on break-even points.

Identify the factors that cause the break-even point to increase or decrease.

Understand how changes in variable costs and fixed costs affect operating income.

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Definitions:

Gastrin

A hormone released by the stomach mucosa; stimulates the gastric glands to secrete pepsinogen.

Acid-Secreting Glands

Glands in the body that release acid, such as the gastric glands in the stomach which secrete hydrochloric acid.

Ascending Colon

The first part of the colon into which undigested food from the small intestine is passed, ascending on the right side of the abdomen.

Transverse Colon

A part of the large intestine that crosses the abdomen horizontally from right to left, involved in the absorption of water and salts.