7. In an uncertain environment, the decision-maker has sufficient information to determine the probability of occurrence of future events or outcomes. a) True b) False Accounting cost includes a) explicit costs exclusively. b) implicit costs exclusively. c) both explicit and implicit costs. d) None of the above answers. One strength of breakeven analysis is that project parameters are estimated jointly. a) True b) False 10. Sensitivity analyses that allow an analyst to examine the impact on a summary measure (e.g., Present Worth) of changing only one project parameter at a time include a) Sensitivity plots and breakeven analyses b) Breakeven analyses and scenario analyses c) Scenario analyses and sensitivity plots d) None of the above answers 11. Most breakeven analyses have a variable cost component because a) variable costs are fixed b) average variable costs are nonlinear c) they are short term analyses d) None of the above answers