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MSIS 3223 Final Exam Oklahoma State Questions & Answers 100% Correct!! $13.49   Add to cart

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MSIS 3223 Final Exam Oklahoma State Questions & Answers 100% Correct!!

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  • Course
  • MSIS 3223 Oklahoma State
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  • MSIS 3223 Oklahoma State

Total Cost - ANSWER=Fixed Cost + Variable Cost * Quantity Produced Influence Diagram - ANSWERA 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 ...

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  • November 1, 2024
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  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • MSIS 3223 Oklahoma State
  • MSIS 3223 Oklahoma State
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MSIS 3223 Final Exam Oklahoma State
Questions & Answers 100% Correct!!
Total Cost - ANSWER=Fixed Cost + Variable Cost * Quantity Produced



Influence Diagram - ANSWERA 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



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



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



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



Net Income - ANSWER= Earnings Before Taxes - Taxes



Spreadsheet Engineering - ANSWERThe process of building spreadsheet models



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



Data Validation - ANSWERAn 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 - ANSWEROne-Time purchase decisions often must be made in the
face of uncertain demand.



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




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



Optimization Models - ANSWERPredictive 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 - ANSWERSpreadsheet 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 - ANSWEREvaluates an output variable over a range of values for a single input
variable.



Two-Way Data Tables - ANSWEREvaluate an output variable over a range of values for two different
input variables.

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