A p-value.
Question 5. Question : The name for a variety of methods
used to examine how an
amount will change if factors involved in predicting that
amount
change is:
Student Answer:
Sensitivity analysis.
Contribution margin analysis.
Factor analysis.
Cost analysis.
Cost-volume-profit analysis.
Question 6. Question : CVP analysis for revenue and cost
planning has the primary
objective of:
Student Answer:
Maximizing revenue.
Minimizing costs.
Both revenue maximization and cost minimization.
Achieving a desired level of sales and profits.
Consistently producing sales above the breakeven level.