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MSIS 3223 Final Exam Oklahoma State Correctly Answered!!
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MSIS 3223 Final Exam Oklahoma State Correctly Answered!!
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MSIS 3223 Final Exam Oklahoma State Correctly Answered!!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.
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