Case EX 3-1 Armando Is Using Excel to Create a Budget

question 20

Multiple Choice

Case EX 3-1 Armando is using Excel to create a budget for an upcoming business trip and needs to quickly copy data, formulas, and formatting in the worksheet. Armando can choose to copy only the formatting by choosing that option on the ____ button menu.

• A) Fill Formatting
• B) Copy Formatting
• C) Auto Fill Options
• D) Auto Fill Formatting

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Definitions:

Internalize Externalities

The process by which a firm takes into account the external costs or benefits of its activities, typically by incorporating them into its pricing structure.

Negative Externalities

Costs suffered by a third party as a result of an economic transaction, such as pollution caused by industry, which are not reflected in the market prices.

Positive Externalities

Benefits that result from a transaction or activity and affect others not directly involved in the transaction or activity.

Marginal Social Cost

The total cost society bears for the production of an additional unit of a product, including both private and external costs.