Case-Based Critical Thinking Questions

question 39

Multiple Choice

Case-Based Critical Thinking Questions
Case 3-1
Charles is a recent college graduate.He is paying rent for the first time,as well as utility bills,such as cable,electric,and telephone.He also has some hefty school loan payments.Charles has a good paying job and knows that even though he has lots of expenses,it is critical for him to save money each month,too.He decides to create a budget for himself in Excel 2010.
-Charles has entered all of his monthly expenses.He needs to create a formula that will deduct his monthly expenses from his monthly income.Since his monthly income is the same amount each month,he uses a(n) ____ to identify the cell containing the income value.

• A) relative reference
• B) absolute reference
• C) mixed reference
• D) fixed reference

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Definitions:

IQ Test

A standardized assessment used to measure a person's cognitive abilities and potential in comparison to the general population.

Gifted

Possessing above-average intelligence or talent in one or more domains.

Standard Deviations

A measure of the amount of variation or dispersion of a set of values, indicating how much the values of a dataset deviate from the mean.

Standardized

Pertains to the process of making something conform to a standard, often through establishing consistency in measure or procedure to ensure comparability.