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MSIS 3223 - NORD - OKSTATE - EXAM 1
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MSIS 3223 - NORD - OKSTATE - EXAM 1
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MSIS 3223 - NORD - OKSTATE - EXAM 1Which of the following ways would 10 raised to the power of 2 × 5 raised to
the power of 3/ 100 - 73 be represented in an Excel spreadsheet? - Answers- 10^2 *
5^ - 73
Which of the following is a difference between relative addressing and
absolute addressing when using cell formulas in Excel? - Answers- A relative address
uses just the row and column label in the cell reference; an
absolute address uses a dollar sign before either the row or column label.
To copy a formula from a single cell or range of cells down a column or
across a row, first________, click and hold the mouse on the small square in
the lower right-hand corner of the cell, and drag the formula to the "target"
cells which you wish to copy. - Answers- select the cell or range
The easiest way to locate a particular function is to select a cell and click on
the Insert function button represented by ________ on the Excel ribbon. - Answers- fx
The Excel function of ________ is used to find the largest value in a range of
cells. - Answers- MAX(range)
________ measures the worth of a stream of cash flows, taking into account
the time value of money. - Answers- Net present value
Decision variables: - Answers- can be selected at the discretion of the decision maker
Descriptive decision models: - Answers- describe relationships but do not tell a
manager what to do.
Prescriptive decision models help: - Answers- decision makers identify the best solution
to decision problems.
Which decision model incorporates the process of optimization? - Answers- prescriptive
Which of the following is the first phase in problem solving? - Answers- recognizing the
problem
During which phase in problem solving is a formal model often developed? - Answers-
structuring the problem
________ is a logical function that returns one value if the condition is true
and another if the condition is false. - Answers- IF(condition, value if true, value if false)
In a MATCH function, if the match_type = 0, then ________. - Answers- MATCH finds
the first value that is exactly equal to lookup_value
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