The Key to Spreadsheet Model Flexibility Is to Keep All

question 8

Multiple Choice

The key to spreadsheet model flexibility is to keep all the ___________ of the model separate from the ______________ of the model.

• A) inputs; formulas
• B) inputs; outputs
• C) outputs; formulas
• D) constraints; formulas
• E) parameters; decision variables

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Definitions:

Quantitative Information

Data that is measurable and can be expressed numerically, facilitating objective analysis.

Performance Standards

Benchmarks established to measure the quality, efficiency, and effectiveness of an organization's operations, products, or services.

Corrective Action

A process or set of measures taken to rectify a problem or address a non-conformity in procedures or practices.

SWOT Analysis

A strategic planning tool that evaluates the Strengths, Weaknesses, Opportunities, and Threats of an organization or project.