Which of the following approaches enables management to apply specific changes in assumptions and data and then to examine the effect of those changes on the output?

A) Traditional CVP analysis
B) Goal-seek approach
C) What-if analysis
D) Sensitivity analysis

The what-if analysis approach enables management to apply specific changes in assumptions and data and then to examine the effect of those changes on the output. Traditional CVP analysis is a more general approach and does not allow for specific changes. Goal-seek approach is a reverse process in which the desired output is entered and the required input to achieve that output is calculated. Sensitivity analysis involves examining the effect of changes in inputs on the output, but does not allow for specific, targeted changes.