What Do You Need to Do Before Using Solver

question 61

Multiple Choice

What do you need to do before using Solver?

• A) take an Excel class
• B) enter solver settings into Excel
• C) define all constraints
• D) enter Solver options
• E) have a working, flexible spreadsheet model

---

Definitions:

Service Costs

The expenses recognized in the period in which employees render services to obtain future benefits under a defined benefit plan.

Deferred

This refers to items or transactions that are postponed or delayed to a future date for accounting purposes.

Percentage-of-Completion Method

An accounting technique used to recognize revenue and expenses of long-term projects proportionally to the work completed to date.

Long-Term Contracts

Agreements that establish the terms for ongoing services or project work that lasts over an extended period, often involving incremental delivery and payment schedules.