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Case-Based Critical Thinking Questions
Case OFF 1
Paul has taken over his father's business of running a gas station.Paul's father used spiral notebooks to record all customer-related information.Paul decides he cannot work using this method and purchases a new computer system for the gas station.He also purchases a copy of Microsoft Office Professional 2010 for all of his software needs.
-Paul's first goal is to record the names,addresses,phone numbers,and e-mail addresses of each customer.He wants this information in a program where he can take all of a customer's information and create an invoice form.Paul chooses ____ for this job.
Base-case Analysis
An evaluation technique in which the projected performance of a project is calculated under a set of assumptions considered most likely or average.
Sensitivity Analysis
A method employed to ascertain the impact of varying independent variable values on a specific dependent variable, based on certain assumptions.
Scenario Analysis
A process of analyzing possible future events by considering alternative possible outcomes.
Competitive Analysis
The process of evaluating the strengths and weaknesses of competitors within the same market to develop strategic advantages.
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