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Case-Based Critical Thinking Questions Case 7-1 Ted Knows That Macros

question 7

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Case-Based Critical Thinking Questions Case 7-1 Ted knows that macros can be helpful to him in his work with Excel spreadsheets, but he also knows they have their hazards, so he comes to you for guidance about what kind of security settings he should put in place, and at what times. As Ted gets more comfortable with Excel, he thinks that he might be able to decide whether or not to run a macro on a case-by-case basis. What should his option be in the Trust Center?


Definitions:

Perfectly Elastic Demand

A market situation where demand for a product can drastically change to infinity with the slightest change in its price.

Inelastic Demand

A situation where the demand for a product does not change significantly with a change in price.

More Elastic Demand

A situation where the demand for a product is more sensitive to changes in price, meaning quantities demanded change significantly even with small price fluctuations.

Competitive Advantage

A condition or circumstance that puts a company in a favorable or superior business position compared to its competitors.

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