COGNITIVE ASSESSMENT When Data in a Spreadsheet Program Is Changed

question 49

Multiple Choice

COGNITIVE ASSESSMENT When data in a spreadsheet program is changed, what occurs?

• A) Nothing; once entered, the data cannot be changed.
• B) All calcluations can be recalculated.
• C) The worksheet is reorganized using preconfigured algorithms to conform to the formatting and hierarchical requirements of the spreadsheet program.
• D) A new version of the spreadsheet is saved automatically so that both the old version and the new version are available.

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Definitions:

Total Costs

The complete sum of expenses incurred in the production of goods or services, including both fixed and variable costs.

Perfectly Competitive

A market structure where there are many buyers and sellers, products are identical, and there is free entry and exit in the market.

Production Technology

The quantitative relationship between inputs and outputs.

Input Demand

Input demand refers to the quantity of goods and services a firm requires to produce its own products, often influenced by the price of these inputs and the firm's level of output.