Ellen Is a Recent College Graduate

question 32

Multiple Choice

Ellen is a recent college graduate. She has decided to open a T-Shirt business and would like to create budget worksheet using Microsoft Excel 2013. She need to keep track of her expenses and income for the year.
-Ellen has entered all of her monthly expenses.She needs to create a formula that will deduct her monthly expenses from her monthly income.Since her monthly income is the same amount each month,she uses a(n) ____ to identify the cell containing the income value.

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

Recognize the advantages and disadvantages of survey research.

Identify alternatives to random assignment in experiments.

Explain how confounding variables affect internal validity in experiments.

Describe the rationale behind random assignment in experiments.

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Definitions:

Marginal Cost

The increase or decrease in the total cost of a production run for making one additional unit of an item.

Marginal Benefit

The additional satisfaction or utility gained by consuming an extra unit of a good or service.

Diamond

A naturally occurring gemstone composed of carbon, known for its hardness and brilliance, often used in jewelry.

Marginal Analysis

The examination of the costs and benefits of a small (marginal) change in the production of goods or services.