Sensitivity Analysis Is Used To

question 56

Multiple Choice

Sensitivity analysis is used to:

• A)Look at the consequence of varying many different assumptions at the same time
• B)Predict the consequences of the business plan under the most likely set of circumstances
• C)Vary assumptions, one at a time, in order to see their consequences on the business plan
• D)Forecast demand if interest rates increase and a recession hits the economy

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Definitions:

Value

The data or quantity represented by a variable or expressed by a term, often used in programming and mathematics.

Stored

Refers to information or data that has been saved or archived in a memory device or storage system.

N7:10

A specific address or identifier for a data storage location within a PLC (Programmable Logic Controller) system, often containing integer values.

Prime Working Age

Refers to the age range typically considered to be most productive and actively engaged in the labor market, often defined as individuals aged 25-54 years old.