Conditional Access is capable of enforcing device compliance checks and supports location-based policies, but it cannot differentiate between applications based on their sensitivity levels, thus only partially fulfilling the corporation's requirements.

Conditional Access offers comprehensive dynamic access controls that can assess user location, device compliance, and application sensitivity in real-time, enabling the creation of policies that restrict access from untrusted locations unless the device is compliant and the application is not deemed sensitive.

Conditional Access is designed to evaluate and enforce policies based on user location, device compliance, and application sensitivity, providing a holistic approach to secure access that meets all of the corporation's specified requirements.

Conditional Access primarily focuses on application sensitivity and lacks the functionality to enforce access controls based on user location or device compliance, which are essential for the corporation's security strategy.

Conditional Access can dynamically enforce access controls based on a combination of user location, device compliance, and application sensitivity, but it requires additional Azure services to fully meet the corporation's scalability and cost-effectiveness requirements.