When an Analyst Uses Solver to Find the Optimal Solution

question 14

Multiple Choice

When an analyst uses Solver to find the optimal solution to a problem modeled on a spreadsheet, which step in the modeling process is occurring?

• A) Plan.
• B) Build.
• C) Test.
• D) Analyze.
• E) None of the answer choices are correct.

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Definitions:

Economic Growth

A rise in the economic power to produce goods and services when comparing distinct periods.

Capital Formation

The process of accumulating assets and investments that are used for future production or economic growth.

World Bank

An international monetary organization granting loans and finances to governments of less affluent countries for capital project undertakings.

Developing Nations

Countries with lower levels of industrialization, lower standards of living, and lower Human Development Index (HDI) scores compared to more developed countries.