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

question 52

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 college. He is fairly confident about his estimated expenses. He is also sure that his current price is the best price he can get for his product. He would like to know how many units he needs to sell at that price (and his cost per product from his supplier) to cover his expenses. Shawn will be doing:

• A)What-if analysis
• B)Qualitative analysis
• C)Sensitivity analysis
• D)Goal-seeking analysis
• E)A simulation.

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Definitions:

Healthy Expressions

The act of communicating feelings, thoughts, or emotions in a manner that is beneficial to one's mental, emotional, and physical well-being.

Determination

The resolve or firmness of purpose one has in pursuing goals or overcoming obstacles.

Cope

The process of effectively dealing with and attempting to overcome issues and difficulties.

Brave

The quality of being able to face and endure danger, difficulty, or pain without being overcome by fear; exhibiting courage.