Before Trusting the Answers to What-If Scenarios from a Spreadsheet

question 1

Multiple Choice

Before trusting the answers to what-if scenarios from a spreadsheet model,a manager should attempt to:

• A) validate the model 
• B) make sure all possible scenarios have been investigated 
• C) check the mathematics in the model 
• D) sense-check the model

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Definitions:

Fear of Failure

The intense worry or dread of not meeting a set standard of performance or not achieving success.

Drive Accounts

Explanations that attribute behavior to internal states of arousal or need that propel individuals towards specific goals.

Approach Accounts

Theories or explanations that focus on the reasons or motivations behind individuals moving towards a goal or object.

Fast Pain

Fast pain is a rapid, sharp, and distinctly uncomfortable sensation often serving as an immediate reaction to injury or potential harm, promoting quick withdrawal from the source.