The Sensit Plot Tool Is Useful for Examining the Impact

question 40

True/False

The Sensit Plot tool is useful for examining the impact of changes in several data values at once.

---

Definitions:

Business Failure

When a business closes with a financial loss to a creditor.

Innovation of New Ideas

The process of creating and implementing new concepts, products, or solutions.

Creative Destruction

The replacement of existing products, processes, ideas, and businesses with new and better ones.

Economies of Scale

The economic benefits that companies gain from their size of operation, whereby the expense per output unit typically diminishes as the scale expands.