All of the Following Statements Are TRUE Regarding Solver EXCEPT

question 95

Multiple Choice

All of the following statements are TRUE regarding Solver EXCEPT:

• A)Business managers can use Solver to minimize or maximize the output based on the constraints.
• B)The purpose of using Solver is to perform what-if analysis to solve more complex problems and to optimize the outcome.
• C)Prior to configuring the Solver variables, you need to ensure that you create a spreadsheet model that can be used to manipulate the values for your constraints.
• D)For the Solver to work properly, the formula in the result cell must reference and depend on the variable cells for part of its calculation.

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Definitions:

Defined-Contribution

A type of retirement plan where an employer, employee, or both make contributions, but future benefits depend on investment performance.

Defined-Benefit Pension Plans

Retirement plans where the employer guarantees a specific retirement benefit amount based on factors such as salary history and duration of employment.

Childcare

The care and supervision of a child or children, typically from infancy to age thirteen, by a person other than the child's legal guardians.

Eldercare

Support and services provided to meet the needs and requirements of elderly people.