What Are You Doing When You Have Excel Automatically Translate

question 558

Multiple Choice

What are you doing when you have Excel automatically translate each of your keystrokes and commands into program code?

• A) Running a macro
• B) Editing Visual Basic code
• C) Recording a macro
• D) Inspecting the workbook

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Definitions:

Efficient Allocation

An economic condition where resources are distributed in a way that maximizes the welfare of society, ensuring that every good or service is produced up to the point where the last unit provides a benefit equal to the cost of producing it.

Risk

Uncertainty about future outcomes.

Risk-Averse

A description of an individual or organization that prefers to avoid uncertainty and is willing to sacrifice some potential gain to avoid risk.

Expected-Utility Maximizer

An economic concept referring to an individual who chooses between uncertain prospects by comparing their expected utilities.