Shawn Is Doing Some Budgeting for His New Start-Up Business

question 1

Multiple Choice

Shawn is doing some budgeting for his new start-up business. He has developed a budget in Excel using formulas, as he was taught to do in university. Which of the following statements is true?

• A)If Shawn changes one of his assumptions, Excel will automatically recalculate the budget numbers.
• B)Shawn would use sensitivity analysis to check the impact of changing his price.
• C)Shawn would use roll-up to review his summary numbers.
• D)Shawn would use what-if analysis to check the impact of changing his price and the commission he pays his sales people.
• E)Shawn would use goal-seeking analysis to examine the impact of changing his forecast of units sold.

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Definitions:

Cultural Characteristic

Traits or features that define a particular culture, including its language, customs, beliefs, and practices.

Self-regard

How an individual perceives and values themselves, often related to self-esteem and self-confidence.

Cultural Characteristic

Represents the identities, values, beliefs, and norms that distinguish one group of people from another, contributing to the overall cultural identity.

Vertical

Pertaining to a direction or plane that is perpendicular to the horizon, often used metaphorically to describe hierarchical structures or processes.