________ ________ Is a "What-If" Technique That Managers Use to Examine

question 15

Multiple Choice

________ ________ is a "what-if" technique that managers use to examine how an outcome will change if the original predicted data are not achieved or if an underlying assumption changes.

• A)Electronic Spreadsheet
• B)Weighted average
• C)Manufacturing option
• D)Electronic analysis
• E)Sensitivity analysis

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Definitions:

Secondary Effects

The indirect impacts that follow the primary effects of a decision or action in economics, often unforeseen or unintended.

Mediocre Economists

Economists who may possess average skills or lack the influence of leading thinkers in their field.

Observable

A characteristic or phenomenon that can be seen, measured, or otherwise detected through empirical methods.

Self-interest

The pursuit of individual advantage or profit, often regarded as a basic economic driving force.