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1. Which of the following is the most appropriate definition of a sensitivity check?
A check that is triggered when it is detected that the model’s outputs are being derived from inputs that do not form part of the base case.
A check that is triggered whenever the Balance Sheet does not balance.
A check that is triggered when selected model outputs vary by more than x% from the budgeted numbers.
2. Changing more than one variable at a time to cater for another situation will be picked up by a sensitivity check. Such changes are known as:
3. What is this type of data input table commonly known as?
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