Anna Is a Competitive Runner

question 63

Multiple Choice

Anna is a competitive runner.She wants to improve her performance and decides to keep track of data for six months to determine if the time of day or year she runs affects her performance.Her worksheet contains the following data: start and end time, total time, and distance.Now Anna wants to know the longest total time she has run.By looking at the total time values, she finds the longest total time to be 54 minutes.Instead of manually entering that value in a cell below the total time data, Anna decides to use the MAX function to determine the longest total time.Why did Anna prefer to use the MAX function?

• A)She believes that 54 minutes is her best running time.
• B)The MAX function recalculates the highest value each time a new value is entered into the worksheet.
• C)She believes that 54 minutes is not her best running time.
• D)The MAX function provides a constant value that will not change for this cell when a new value is entered into the worksheet.

Know the standard medical abbreviations relevant to appointment scheduling.

Recognize the importance of being accommodating to patients’ physical and medical needs when scheduling.

Understand how to prepare and manage an appointment book effectively.

Learn the significance of insurance verification before scheduling specific procedures.

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Definitions:

Price Discrimination

A pricing strategy where a seller charges different prices for the same product or service to different customers, based on what the seller believes each customer will pay.

Oligopolistic Pricing

A pricing strategy adopted by companies in an oligopoly, where a few firms dominate the market and prices are often influenced by the actions of competitors.

Monopolistic Pricing

This refers to the practice by a monopolist to set prices higher than in competitive markets because they control a large portion of the market for a particular good or service.

Horizontal Demand

A market demand situation where a small change in price leads to a large change in quantity demanded, often indicative of a highly competitive market.