MSIS 3223 Final Exam Oklahoma State (100% Correct!!
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Course
MSIS 3223
Institution
MSIS 3223
Total Cost - ANSWERS=Fixed Cost + Variable Cost * Quantity Produced
Influence Diagram - ANSWERSA visual representation of a descriptive model that shows how the elements of the model influence, or relate to, others.
Earnings Before Taxes - ANSWERS= Net Operating Income - Interest Expense
Net...
MSIS 3223 Final Exam Oklahoma State
(100% Correct!!
Total Cost - ANSWERS=Fixed Cost + Variable Cost * Quantity Produced
Influence Diagram - ANSWERSA visual representation of a descriptive model that shows how the
elements of the model influence, or relate to, others.
Earnings Before Taxes - ANSWERS= Net Operating Income - Interest Expense
Net Income - ANSWERS= Earnings Before Taxes - Taxes
Spreadsheet Engineering - ANSWERSThe process of building spreadsheet models
Verification - ANSWERSThe process of ensuring that a model is accurate and free from logical errors.
Data Validation - ANSWERSAn 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 - ANSWERSOne-Time purchase decisions often must be made in the
face of uncertain demand.
Revenue - ANSWERS= Price * Quantity Sold
, Gross Profit - ANSWERS= Sales - Cost of Goods Sold
Net Operating Income - ANSWERS= Gross Profit - Operating Expenses
Predictive Models - ANSWERSTheses kind of models focus on understanding the future.
Cash Budgeting - ANSWERSThe process of projecting and summarizing a company's cash inflows and
outflows expected during a planning horizon, usually 6 to 12 months.
Project Management - ANSWERSConcerned with scheduling the activities of a project involving
interrelated activities.
Critical Path - ANSWERSThe longest path through the network defines the minimum project completion
time is called the...
Optimization Models - ANSWERSPredictive 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 - ANSWERSSpreadsheet models that allow you to easily evaluate what-if questions by
changing input values and recalculating model outputs.
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