You Can Choose Which Rules You Want Excel to Use

question 75

Multiple Choice

You can choose which rules you want Excel to use by enabling and disabling them in the ____ area in the Excel Options dialog box.

• A) General
• B) Formulas
• C) Proofing
• D) Advanced

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Definitions:

Budgeted Income Statement

A financial report projecting revenue, expenses, and net income for a future period, based on management's expectations.

Degree of Operating Leverage

A measurement of how a company's operating income responds to a change in sales, indicating the level of fixed versus variable costs.

Total Contribution Margin

The difference between sales revenue and variable costs, representing the total earning potential before fixed costs are deducted.

Variable Costs

Financial outlays that shift proportional to the volume of production or sales, encompassing labor and material costs.