Case-Based Critical Thinking Questions

question 77

Multiple Choice

Case-Based Critical Thinking Questions
Case 9-1
Christian is having a lot of problems with errors in a very complicated spreadsheet that he inherited from a colleague,and he turns to another co-worker,Sebastian,for tips in how to trace errors in the sheet.
-If in Christian's sheet,cell A4 is a precedent cell for cell B7,what kind of a cell is B7?

• A) contingent cell
• B) dependent cell
• C) antecedent cell
• D) indicated cell

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Definitions:

Scarce Resources

Natural or human resources that are limited in supply, compelling choices regarding their use.

Willing and Able

Describes individuals who are both inclined and have the capacity to work or engage in economic activity.

Short-Term Shortage

A temporary situation where the demand for a product or service exceeds its supply in the market.

Market Mechanisms

The processes through which the prices of goods and services are established in markets, enabling resources to be allocated efficiently.