The packaging is not part of the product

One characteristic of scenario analysis is that:

A) it limits variation to only three of the more likely variable combinations. B) it allows only one variable at a time to change. C) all or nearly all variations are analyzed, regardless of likelihood. D) managers generate each variation by hand.

Reducing expenses to increase operating profit is representative of ________

A) safeguarding assets B) following company policies C) promoting operational efficiency D) ensuring accurate, reliable accounting records