Exam (elaborations)
MSIS 3223 Final Exam Oklahoma State Questions And Answers.
- Course
- Institution
MSIS 3223 Final Exam Oklahoma State Questions And Answers.
[Show more]
Content preview
MSIS 3223 Final Exam Oklahoma StateQuestions And Answers
Total Cost - (correct answer) -=Fixed Cost + Variable Cost * Quantity Produced
io io io io io io io io io io io io
Influence Diagram - (correct answer) -A visual representation of a descriptive model that
io io io io io io io io io io io io
shows how the elements of the model influence, or relate to, others.
io io io io io io io io io io io io
Revenue - (correct answer) -= Price * Quantity Sold
io io io io io io io io
Gross Profit - (correct answer) -= Sales - Cost of Goods Sold
io io io io io io io io io io io
Operating Expenses - (correct answer) -= Admin Expenses + Selling Expenses +
io io io io io io io io io io io
Depreciation Expenses
io io
Net Operating Income - (correct answer) -= Gross Profit - Operating Expenses
io io io io io io io io io io io
Earnings Before Taxes - (correct answer) -= Net Operating Income - Interest Expense
io io io io io io io io io io io io
Net Income - (correct answer) -= Earnings Before Taxes - Taxes
io io io io io io io io io io
Spreadsheet Engineering - (correct answer) -The process of building spreadsheet
io io io io io io io io io
models
io
Verification - (correct answer) -The process of ensuring that a model is accurate and
io io io io io io io io io io io io io
free from logical errors.
io io io io
Data Validation - (correct answer) -An Excel tool that allows you to define acceptable
io io io io io io io io io io io io io
input values in a spreadsheet and provides and error alert if an invalid entry is made
io io io io io io io io io io io io io io io io
-Data > Data Tools io io io
-Select the cell range, click Data Validation
io io io io io io
-Specify the criteria that Excel will use to flag invalid data.
io io io io io io io io io io
Single-Period Purchase Decisions - (correct answer) -One-Time purchase decisions io io io io io io io io
often must be made in the face of uncertain demand.
io io io io io io io io io io
Predictive Models - (correct answer) -Theses kind of models focus on understanding the
io io io io io io io io io io io io
future.
io
, Cash Budgeting - (correct answer) -The process of projecting and summarizing a
io io io io io io io io io io io
company's cash inflows and outflows expected during a planning horizon, usually 6 to
io io io io io io io io io io io io io
12 months.
io io
Project Management - (correct answer) -Concerned with scheduling the activities of a
io io io io io io io io io io io
project involving interrelated activities.
io io io io
Critical Path - (correct answer) -The longest path through the network defines the
io io io io io io io io io io io io
minimum project completion time is called the...
io io io io io io io
Optimization Models - (correct answer) -Predictive models are often called io io io io io io io io io
____________ .
io io
-Specifies a set of decision variables, numerical quantities that represent the decision
io io io io io io io io io io io
options from which to choose.
io io io io io
-Specifies an objective function and constraints. io io io io io
What-If Analysis - (correct answer) -Spreadsheet models that allow you to easily
io io io io io io io io io io io
evaluate what-if questions by changing input values and recalculating model outputs.
io io io io io io io io io io io
Data Tables - (correct answer) -_______ _________ summarize the impact of one or
io io io io io io io io io io io io
two inputs on a specified output.
io io io io io io
One-Way Data Table - (correct answer) -Evaluates an output variable over a range of
io io io io io io io io io io io io io
values for a single input variable.
io io io io io io
Two-Way Data Tables - (correct answer) -Evaluate an output variable over a range of
io io io io io io io io io io io io io
values for two different input variables.
io io io io io io
Scenario Manager - (correct answer) -Allows the creation of scenarios. Sets of values
io io io io io io io io io io io io
that are saved and can be substituted in worksheets.
io io io io io io io io io
Optimization - (correct answer) -The process of selecting values of decision variables
io io io io io io io io io io io
that minimize or maximize some quantity of interest.
io io io io io io io io
What are the 2 basic properties of Linear Optimization Models? - (correct answer) -1.
io io io io io io io io io io io io io
The objective function and all constraints are linear functions of the decision variables.
io io io io io io io io io io io io io
2. All variables are continuous.
io io io io
Integer Linear Optimization Model - (correct answer) -Some of or all the variables are
io io io io io io io io io io io io io
restricted to being whole numbers.
io io io io io
- A special type of integer problem is one in which variables can be only 0 or 1.
io io io io io io io io io io io io io io io io io
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Wisdoms. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
82191 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now