With Reference to a Spreadsheet Model, an Uncontrollable Model Input

question 13

Multiple Choice

With reference to a spreadsheet model, an uncontrollable model input is known as a(n)

• A)decision variable.
• B)dummy variable.
• C)parameter.
• D)statistic.

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Definitions:

Market System

An economic system where the allocation of resources and the distribution of goods and services are determined by supply and demand in a free market.

Government Prescribes

Refers to regulations or directives made by a government to influence or control certain activities.

Private Property

Land or belongings owned by individuals or corporations, distinct from property owned by the government or community.