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

question 20

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. 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.

Discuss strategies to overcome reference-group effects in cross-cultural research.

Explain the term "perception of national character" and its significance.

Compare the relevance of the personality concept in individualistic versus collectivistic cultures.

Predict values, goals, and behaviors based on cultural context (individualistic vs. collectivistic).

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Definitions:

Talking Headings

Headings or titles that are designed to grab attention or communicate a key message directly, often found in written materials like reports or presentations.

Formal Report

A Formal Report is a detailed, structured document prepared to convey information, analyze an issue, or make recommendations, following specific conventions and aimed at a professional audience.

Conclusion

The final part of something, typically a document, speech, or thought, summarizing or bringing it to an end.

Proposals

Documents or presentations that outline suggestions for a course of action, highlighting benefits and methods.