All of the Following Statements Are TRUE About the Text

question 24

Multiple Choice

All of the following statements are TRUE about the Text Import Wizard data EXCEPT:

• A)Sometimes Excel will incorrectly identify the language used in the text file, and this may throw off the Text Import Wizard.
• B)The Text Import Wizard does have file size limitations, and occasionally you will get a text file that is too big to import into Excel.
• C)If you do not want to include all the headings or if there is a comment at the beginning of the file, you can tell Excel to start in any row below a target row so it will omit extraneous text.
• D)The Text Import Wizard that can be initiated by clicking the From Text button on the External Data tab.

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Definitions:

Break-Even Point

The point at which total costs and total revenue are equal, resulting in no net gain or loss.

Variable Cost

A cost that changes in proportion to the level of output or activity.

Variable Costs

Costs that vary directly with the level of production or output, such as materials and labor.

Contribution Margin

The selling price per unit, minus the variable cost per unit, used to determine the profitability of products or services.