Good Documentation to Include When Creating Spreadsheets Is the Name

question 4

True/False

Good documentation to include when creating spreadsheets is the name of the original developer and important assumptions made in the model.

---

Definitions:

Short Run

A period in economics during which the quantities of one or more production inputs cannot be changed, making some costs fixed.

Long Run

A period in economics during which all factors of production and costs are variable, allowing full adjustment to any change in the economic environment.

Break-Even Point

This is the point at which total revenues equal total costs, and the business or project makes neither a profit nor a loss.

Firm's Output

The quantity of goods or services produced by a firm within a given time period.