Question 1
Financial planning software packages assist management with ________.
◦ assigning responsibility to various levels of management
◦ identifying the target customer
◦ sensitivity analysis in their planning and budgeting activities
◦ achieving greater commitment from lower management
Question 2
Sensitivity analysis helps managers evaluate risks ________.
◦ by showing the effects of changes to the original data or an underlying assumption
◦ by identifying inconsistencies in underlying assumptions and actual conditions
◦ by removing the effects of foreign currency exposure and other uncontrollable factors
◦ by identifying gaps in the production process using information on setups needed to manufacture products