With the Aid of Computer Software, Managers Can Vary Assumptions

question 205

Multiple Choice

With the aid of computer software, managers can vary assumptions regarding selling prices, costs, and volume and can immediately see the effects of each change on the break-even point and profit. This is called:

• A) "What if" or sensitivity analysis
• B) vary the data analysis
• C) computer aided analysis
• D) data gathering

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Definitions:

Ethical Justification

The process of defending actions or decisions based on ethical principles, showing they adhere to standards of right or wrong.

Social Consensus

The level of agreement among members of a society or group on specific issues, norms, or values.

Public Agreement

A consensus or accord reached among the general public or within a specific community.

Equitable Outcome Principles

Guidelines or practices aimed at ensuring fairness and justice in the distribution of resources, opportunities, and outcomes among members of a community or organization.