Msis final exam 2024 - Study guides, Class notes & Summaries

MSIS FINAL EXAM 2024!!

MSIS FINAL EXAM 2024!!

The process of developing good, useful, and correct spreadsheet models is known as spreadsheet engineering T/F - ANSWERTrue In predictive modeling, validity refers to how well a model represents reality T/F - ANSWERTrue Two-way data tables can evaluate only one output variable T/F - ANSWERTrue Models can capture every detail of a real problem T/F - ANSWERFalse Verification is the process of ensuring that a model is accurate and free from logical errors T/F - ANSWERTrue Excel...

MSIS APA Final Exam (Agile) | Questions with 100% Correct Answers | Latest Update 2024 | Verified

MSIS APA Final Exam (Agile) | Questions with 100% Correct Answers | Latest Update 2024 | Verified

MSIS 3223 Final Exam (Ch. 11, 13, 14) – 2024 Exam Questions and Answers

Building spreadsheet models, often called _____________, is part art and part science - ANSWERspreadsheet engineering The Process of developing good, useful, and correct spreadsheet models is known as spreadsheet engineering A. True B. False - ANSWERTrue The Process of developing good, useful, and correct spreadsheet models is known as spreadsheet _________ - ANSWERengineering In predictive modeling, validity refers to how well a model represents reality. A. True B. False - ANSWER...

Variable Cost - ANSWERUnit Variable Cost * Quantity Produced Total Cost - ANSWERFixed Cost + Variable Cost * Quantity Produced (Also written as C=F+VQ) p. 380 Logic suggests that variable cost is... - ANSWERthe unit variable cost times the quantity of item produced. Demand has an influence on... - ANSWERprofit - by predicting how many units of a product will be sold -Quantity produced is a decision option typically based on demand. Quantity Produced - ANSWERa decision option...

Variable cost = - ANSWERUnit Variable Cost * Quantity Produced (Descriptive Model) Total Cost = - ANSWERFixed Cost + Variable Cost * Quantity Produced Also written as FC + VC * QP = TC (Descriptive Model) Logic suggests that variable cost is the unit variable cost times the quantity of item produced. - ANSWERTrue __________ has an influence on profit by predicting how many units of a product will be sold. - ANSWERDemand ______________produced is a decision option typically based on...

Variable cost = ? - ANSWERUnit Variable Cost * Quantity Produced Total Cost = - ANSWERFixed Cost + Variable Cost* Quantity Produced Also written as C=F+VQ Logic suggests that variable cost is the unit variable cost times the quantity of item produced. Thus a ____________ would be - ANSWERdescriptive model _______has an influence on profit by predicting how many units of a product will be sold.______________produced is a decision option typically based on demand. - ANSWER1) Demand 2) Q...