Which of the Following Statements Is True of Goal Seeking

question 115

Multiple Choice

Which of the following statements is true of goal seeking analysis?

• A) It is a process of setting a target value for a particular metric and telling the program which variable to change to reach the goal.
• B) It is a process which analyzes historical and seasonal trends and then takes into account existing and predicted business conditions to estimate results.
• C) It is a process which involves software tools that rely on keywords, semantic structures, linguistic relationships, and common phrases to extract meaningful information.
• D) It is a process which involves revealing customer behavior patterns by analyzing their purchase of multiple items.

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Definitions:

Gross Margin

The difference between sales revenue and the cost of goods sold, usually expressed as a percentage of sales revenue.

Net Operating Income

Income generated from regular business operations, excluding deductions for interest and taxes.

Manufacturing Overhead

All indirect costs associated with the manufacturing process, including costs related to factory equipment maintenance, factory management salaries, and utilities.

Period Cost

Expenses that are not directly tied to the production process and are charged to the period in which they occur, such as selling and administrative expenses.