Exam 10: Performing What-If Analyses

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In measuring elasticity,as the value of e increases,the result is that any change in price causes a huge change in demand,resulting in a ____ relationship between price and demand.

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Once you enter an array formula,Excel will enclose the formula in a set of ____.

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Which of the following reports is used to quantify the reliability of a solution?

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With Goal Seek,Excel changes the ____ values to produce the result values you are looking for.

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A(n)mixed expense is an expense that is part variable and part fixed._________________________

(True/False)
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MATCHING Identify the letter of the choice that best matches the phrase or definition. -When any change in price is met by an equal and opposite change in demand

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The Scenario Manager refers to ____________________ cells as changing cells because these worksheet cells contain values that are changed under the scenario.

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When using Goal Seek,select the ____ cell in the Set cell box,and then specify its value (goal)in the To value box.

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A(n)____ is a limit that is placed on a Solver problem's solution.

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To open the dialog box in the accompanying figure,click the What-If Analysis button in the ____ group.

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In Solver,changing cells are sometimes referred to as ____ cells.

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Case-Based Critical Thinking Questions Case 10-1 You have been having some difficulty in your economics class this semester,so you have requested support from a tutor.One topic that is giving you trouble at the moment is the price elasticity of demand. -Increasing the price of an object by 10% decreases demand by 20%.This is an example of what kind of elasticity,according to your tutor?

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To perform a what-if analysis with more than two input cells,you ____.

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A(n)____________________ is a customized program that adds commands and features to Microsoft Office programs.

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In Goal Seek,the ____________________ cell is the cell containing the values you want to examine.

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Changing cells can be located anywhere in the worksheet.

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  -The item marked 4 in the accompanying figure indicates the ____ expenses. -The item marked 4 in the accompanying figure indicates the ____ expenses.

(Multiple Choice)
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A(n)optimal cell is a cell that Excel changes to produce the desired result in the target cell._________________________

(True/False)
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Solver can create the following three different reports: ____.

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MATCHING Identify the letter of the choice that best matches the phrase or definition. -Cannot be used when a problem contains integer constraints

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