The model which refers possibility for management to conduct sensitivity analysis can be categorized under __________?
Correct answer: B. financial planning models
- A. investment planning models
- B. financial planning models
- C. cost planning models
- D. revenues forecast models
Explanation
Financial planning models allow management to change assumptions and study their effects through sensitivity analysis. Investment, cost, and revenue models focus on narrower planning areas.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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