Question : 3.4 Apply the CVP model in decision making and explain : 1186245
3.4 Apply the CVP model in decision making and explain how sensitivity analysis can help managers both identify and manage risk. 1) Sensitivity analysis may be used to determine how a result will change if the original data are changed or if the original results are not achieved. 2) Margin of safety measures the difference between budgeted revenues and break-even revenues. […]