Benefits of Sensitivity Analysis Include All the Following Except

question 29

Multiple Choice

Benefits of sensitivity analysis include all the following except:

• A)provides a better picture of how solutions change as model factors change.
• B)fosters managerial acceptance of the optimal solution.
• C)overcomes management skepticism of optimal solutions.
• D)answers potential managerial questions regarding the solution to an LP problem.

Understand the establishment and replenishment of a petty cash fund.

Recognize the importance of maintaining a minimum cash balance (compensating balances).

Understand the objectives and implementation of internal control systems.

Identify and apply adjustments for bank statement and company books in bank reconciliations.

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Definitions:

Deviance

Behaviors or actions that violate social norms, including formally-enacted rules as well as informal violations of social norms (e.g., rejecting folkways and mores).

Phenomenologists

Scholars or philosophers who study the structure of experiences to understand the essence of phenomena as consciously experienced from the first-person perspective.

Ethnography

A qualitative research method focusing on the systematic study of people and cultures from the insider perspective.

Labeling

The process of classifying or naming individuals or groups based on their actions, attributes, or perceived characteristics, often leading to stereotyping or discrimination.