Susan Is in Charge of the Inventory Reports for Her

question 14

Multiple Choice

Susan is in charge of the inventory reports for her company. She will need to find specific inventory items as well as project increases in inventory costs. To get ready she will create a worksheet and use the Microsoft Excel 2013 Analysis tools.
-Susan designs a worksheet with the inventory number,description,quantity,unit cost,reorder point and value. To find values in tables of data,and insert them in another location in the worksheet such as cells or in formulas,she will use ________.

• A)Max function
• B)Lookup function
• C)CountA function
• D)Sum function

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Definitions:

Profit-maximizing

Refers to a firm's goal of achieving the highest possible profit given its production costs and market conditions.

Wage Rate

The amount of money paid to a worker per unit of time (e.g., hourly, daily) for their labor.

Profit-maximizing

This refers to strategies or decisions aimed at achieving the highest possible profit for a business or entity.

Marginal Product

The growth in output due to an extra unit of input.