George Runs a Mid-Size Accounting Practice and Recently Upgraded to Excel

question 93

Multiple Choice

George runs a mid-size accounting practice and recently upgraded to Excel 2011.He expects sales to grow in the next few months during tax season.After that, he would like to begin upgrading some of the equipment and furniture for the employees in his office.He will start with the Reception area, which has the most visibility.If sales reach a certain amount by the end of April, George will purchase a desk, chair, computer, and software upgrade for the receptionist.Otherwise, George will just purchase the desk and chair.How can George determine the best action to take using a Sales Data worksheet?

• A)Copy and paste all his Sales data formulas with relative references
• B)Add an IF function formula to his Sales data worksheet
• C)Add the NOW function formula to his Sales data worksheet
• D)Copy and paste all his Sales data formulas with absolute references

Understand the basic human needs satisfied by group membership.

Describe the types of support groups provide.

Analyze the importance of appreciation within groups.

Understand the fundamentals and implications of social comparison theory.

---

Definitions:

Price-Setting Process

The procedure companies use to determine the price at which they will sell their products and services, taking into account costs, demand, competition, and profit objectives.

Pricing Objectives

Goals that a company wants to achieve through its pricing strategies, including maximizing profit, increasing market share, or positioning the product.

Strategic Decisions

High-level choices made by senior management that set the long-term direction and objectives of an organization.

Pricing

The process of determining the monetary value at which a good or service will be sold in the market.