A common feature of deviation analyses and sensitivity analyses is that they both focus on the metric of sales figures to analyze the health of a firm.
Answer the following statement true (T) or false (F)
False
Deviation analyses and sensitivity analyses focus on different metrics to analyze the health of a firm. A deviation analysis tracks the differences between the predicted and the actual performance of a firm, while a sensitivity analysis examines a firm's sensitivity to various factors such as dramatic increases or decreases in sales.
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A company made an error in calculating and reporting amortization expense in Year 1. The error was discovered in Year 2. The item should be reported as a prior period adjustment:
A. on the Year 1 income statement. B. on the Year 1 statement of retained earnings. C. on the Year 2 income statement. D. accounted for with a cumulative "catch-up" adjustment in Year 2. E. on the Year 2 statement of retained earnings.
Small business investment companies (SBICs) tend to make very small investments as they are not profit-making institutions.
Answer the following statement true (T) or false (F)
Your friend has just been promoted to CEO of her company and is considering moving to more centralization of authority. What drawbacks to this approach would you point out to your friend?
What will be an ideal response?
Transmission Control Protocol/_________ Protocol provides the technical foundation for the public Internet as well as for large numbers of private networks.
Fill in the blank(s) with the appropriate word(s).