An Analysis Which Combines Scenario Analysis with Sensitivity Analysis Is

question 3

Multiple Choice

An analysis which combines scenario analysis with sensitivity analysis is called:

• A)sensitivity analysis
• B)Monte Carlo simulation
• C)forecasting analysis
• D)forecasting simulation
• E)break-even analysis

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Definitions:

Novation

The process of substituting a new contract or obligation for an old one, requiring the agreement of all parties involved.

Three-Part Test

A methodological framework consisting of three criteria used to evaluate the validity, legality, or effectiveness of something.

Tendered Performance

The act of offering or presenting for acceptance a performance of obligations under a contract.

Minor Contractual Term

A less important condition or provision of a contract that does not go to the heart of the agreement.