A Technique That Is Useful in Exploring What Would Happen

question 51

Multiple Choice

A technique that is useful in exploring what would happen if a key decision prediction or assumption proved wrong is termed:

• A) sensitivity analysis.
• B) uncertainty analysis.
• C) project analysis.
• D) linear programming.
• E) the theory of constraints.

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Definitions:

Negotiable Instrument

A document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer named on the document.

Confession of Judgment

A legal agreement in which a debtor permits a creditor to obtain a judgment against them without a trial.

Undertaking

A formal pledge or promise, often in a legal context, indicating an agreement to perform a particular action or task.

Substitute for Cash

Refers to alternative forms of payment that are not physical cash, such as checks, credit cards, or electronic transfers.