Which of the Following Design Guidelines, If Followed, Enables the User

question 31

Multiple Choice

Which of the following design guidelines, if followed, enables the user to update the model parameters without the risk of mistakenly creating an error in a formula?

• A)Separating the parameters from the spreadsheet model
• B)Documenting the spreadsheet model
• C)Using numbers in the spreadsheet formula
• D)Using simple formulas

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Definitions:

Consolidated Financial Statements

Combined financial reports of a parent company and its subsidiaries, presenting the financial position and results of operations as a single entity.

Subsidiaries

Companies that are controlled by another company, known as the parent company.

Profit Margin

A financial metric indicating the percentage of revenue that remains as profit after all expenses have been deducted.

Net Sales

The revenue from sales transactions after deductions for returns, allowances, and discounts have been made.