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. Such an analysis is called

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. Such an analysis is called

Essentials Of Business Analytics

1st Edition

ISBN:9781285187273

Author:Camm, Jeff.

Publisher:Camm, Jeff.

Chapter11: Monte Carlo Simulation

Section: Chapter Questions

Problem 2P

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Question

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. Such an analysis is called

A. “What if” or sensitivity analysis.
B. Vary the data analysis.
C. Computer aided analysis.
D. Data gathering.

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