________ Is a "What If" Technique That Estimates Profit or Loss

question 91

Multiple Choice

________ is a "what if" technique that estimates profit or loss results if sales price,costs,volume,or underlying assumptions change.

• A) High-low method of analysis
• B) Sensitivity analysis
• C) Contribution margin
• D) Operating leverage

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Definitions:

Progressive Tax

A taxation system where the tax rate increases as the taxable amount or income of the individual or entity increases.

Benefits-Received Principle

A taxation theory stating that individuals should pay taxes in proportion to the benefits they receive from government services.

Gasoline Tax

A levy imposed by governments on the sale of gasoline, often used to fund transportation infrastructure and environmental initiatives.

Corporate Income Tax

A tax on the profit of a corporation, where the tax rates can vary based on a country's tax laws and the company's income levels.