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Management of a company could use sensitivity scenario

Question: Management of a company could use sensitivity, scenario, break-even and simulation techniques/analysis in their corporate decision makings. How management decision making could be related to capital budgeting techniques such as, internal rate of return, net present value etc. Explain the following concepts in relation to capital budgeting techniques. (2000 words)

- Sensitivity analysis

- Scenario analysis

- Break-even analysis

- Simulation techniques

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