Define Sensitivity Analysis

question 44

Essay

Define sensitivity analysis.Why do managers conduct sensitivity analysis during the budget process?

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Definitions:

Shy

A temperament featuring nervousness or timidity in the presence of other people, often leading to avoidance of social situations.

Extraversion

A personality trait characterized by outgoingness, sociability, and a high level of activity.

Neuroticism

A personality trait characterized by a tendency to experience negative emotions such as anxiety, fear, moodiness, worry, envy, frustration, jealousy, and loneliness.

Neuroticism

A personality trait characterized by a tendency towards anxiety, depression, self-doubt, and other negative emotional states.