Sensitivity Analysis Is a "What-If" Technique That Examines How a Result

question 189

True/False

Sensitivity analysis is a "what-if" technique that examines how a result will change if the original prediction or assumptions change.

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Definitions:

Escalation of Commitment

A decision-making error in which individuals or organizations continue a course of action despite facing negative outcomes or feedback.

Preferences

Individual choices or inclinations regarding various options, based on personal likes, dislikes, values, or interests.

Programmed Decision-Making

A method of decision-making using established procedures or rules for routine or repetitive problems requiring predictable solutions.

Alternative Solutions

Different methods or approaches to solving a problem or addressing a situation, offering multiple options for consideration.