Mickle Company has the following information:
Purchases are paid for in the following manner:
20 percent in the month of purchase
50 percent in the month after purchase
30 percent two months after purchase
-________ for budgeting is the systematic varying of budget data input to determine the effects of each change on the budget.

Question

Mickle Company has the following information:
  Purchases are paid for in the following manner:
20 percent in the month of purchase
50 percent in the month after purchase
30 percent two months after purchase
-________ for budgeting is the systematic varying of budget data input to determine the effects of each change on the budget.

Quizplus · Accepted Answer

Sensitivity analysis and what-if analysis both involve varying budget data inputs to assess the impact of changes on the budget.

Mickle Company Has the Following Information