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MSIS 3223 Final Exam Oklahoma State Questions Solved Correctly. $9.99   Add to cart

Exam (elaborations)

MSIS 3223 Final Exam Oklahoma State Questions Solved Correctly.

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  • Course
  • MSIS 3223
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  • MSIS 3223

Total Cost - Answer =Fixed Cost + Variable Cost * Quantity Produced Influence Diagram - Answer A visual representation of a descriptive model that shows how the elements of the model influence, or relate to, others. Revenue - Answer = Price * Quantity Sold Gross Profit - Answer ...

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  • October 31, 2024
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  • Exam (elaborations)
  • Questions & answers
  • MSIS 3223
  • MSIS 3223
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MSIS 3223 Final Exam Oklahoma State
Questions Solved Correctly.
Total Cost - Answer =Fixed Cost + Variable Cost * Quantity Produced



Influence Diagram - Answer A visual representation of a descriptive model that shows how the
elements of the model influence, or relate to, others.



Revenue - Answer = Price * Quantity Sold



Gross Profit - Answer = Sales - Cost of Goods Sold



Operating Expenses - Answer = Admin Expenses + Selling Expenses + Depreciation Expenses



Net Operating Income - Answer = Gross Profit - Operating Expenses



Earnings Before Taxes - Answer = Net Operating Income - Interest Expense



Net Income - Answer = Earnings Before Taxes - Taxes



Spreadsheet Engineering - Answer The process of building spreadsheet models



Verification - Answer The process of ensuring that a model is accurate and free from logical errors.



Data Validation - Answer An Excel tool that allows you to define acceptable input values in a
spreadsheet and provides and error alert if an invalid entry is made



-Data > Data Tools

-Select the cell range, click Data Validation

, -Specify the criteria that Excel will use to flag invalid data.



Single-Period Purchase Decisions - Answer One-Time purchase decisions often must be made in the
face of uncertain demand.



Predictive Models - Answer Theses kind of models focus on understanding the future.



Cash Budgeting - Answer The process of projecting and summarizing a company's cash inflows and
outflows expected during a planning horizon, usually 6 to 12 months.



Project Management - Answer Concerned with scheduling the activities of a project involving
interrelated activities.



Critical Path - Answer The longest path through the network defines the minimum project completion
time is called the...



Optimization Models - Answer Predictive models are often called ____________ .



-Specifies a set of decision variables, numerical quantities that represent the decision options from
which to choose.



-Specifies an objective function and constraints.



What-If Analysis - Answer Spreadsheet models that allow you to easily evaluate what-if questions by
changing input values and recalculating model outputs.



Data Tables - Answer _______ _________ summarize the impact of one or two inputs on a specified
output.



One-Way Data Table - Answer Evaluates an output variable over a range of values for a single input
variable.

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