MSIS 3223 Final Exam Oklahoma State |COMPLETE AND
DETAILED QUESTIONS AND ANSWERS | REAL EXAM QNA |
2025 LATEST UPDATED 100% RATED CORRECT | 100%
VERFIED | ALREADY GRADED A+|GUARANTEED TO PASS!!
Total Cost - (answer)=Fixed Cost + Unit Variable Cost * Quantity Produced (C=F+V*Q)
Variable Cost - (answer)Unit Variable Cost * Quantity Produced (=V*Q)
Influence Diagram - (answer)A visual representation of a descriptive model that shows how the
elements of the model influence, or relate to, others.
Revenue - (answer)= Price * Quantity Sold (R=p*S)
Gross Profit - (answer)= Sales - Cost of Goods Sold
Operating Expenses - (answer)= Admin Expenses + Selling Expenses + Depreciation Expenses
Net Operating Income - (answer)= Gross Profit - Operating Expenses
Earnings Before Taxes - (answer)= Net Operating Income - Interest Expense
Net Income - (answer)= Earnings Before Taxes - Taxes
Spreadsheet Engineering - (answer)The process of building spreadsheet models
, Verification - (answer)The process of ensuring that a model is accurate and free from logical
errors.
Data Validation - (answer)An Excel tool that allows you to define acceptable input values in a
spreadsheet and provides and error alert if an invalid entry is made
-Data > Data Tools
-Select the cell range, click Data Validation
-Specify the criteria that Excel will use to flag invalid data.
Single-Period Purchase Decisions - (answer)One-Time purchase decisions often must be made in
the face of uncertain demand.
Predictive Models - (answer)Theses kind of models focus on understanding the future.
Cash Budgeting - (answer)The process of projecting and summarizing a company's cash inflows
and outflows expected during a planning horizon, usually 6 to 12 months.
Project Management - (answer)Concerned with scheduling the activities of a project involving
interrelated activities.
Critical Path - (answer)The longest path through the network defines the minimum project
completion time is called the...
Optimization Models - (answer)Predictive models are often called ____________ .
-Specifies a set of decision variables, numerical quantities that represent the decision options
from which to choose.
DETAILED QUESTIONS AND ANSWERS | REAL EXAM QNA |
2025 LATEST UPDATED 100% RATED CORRECT | 100%
VERFIED | ALREADY GRADED A+|GUARANTEED TO PASS!!
Total Cost - (answer)=Fixed Cost + Unit Variable Cost * Quantity Produced (C=F+V*Q)
Variable Cost - (answer)Unit Variable Cost * Quantity Produced (=V*Q)
Influence Diagram - (answer)A visual representation of a descriptive model that shows how the
elements of the model influence, or relate to, others.
Revenue - (answer)= Price * Quantity Sold (R=p*S)
Gross Profit - (answer)= Sales - Cost of Goods Sold
Operating Expenses - (answer)= Admin Expenses + Selling Expenses + Depreciation Expenses
Net Operating Income - (answer)= Gross Profit - Operating Expenses
Earnings Before Taxes - (answer)= Net Operating Income - Interest Expense
Net Income - (answer)= Earnings Before Taxes - Taxes
Spreadsheet Engineering - (answer)The process of building spreadsheet models
, Verification - (answer)The process of ensuring that a model is accurate and free from logical
errors.
Data Validation - (answer)An Excel tool that allows you to define acceptable input values in a
spreadsheet and provides and error alert if an invalid entry is made
-Data > Data Tools
-Select the cell range, click Data Validation
-Specify the criteria that Excel will use to flag invalid data.
Single-Period Purchase Decisions - (answer)One-Time purchase decisions often must be made in
the face of uncertain demand.
Predictive Models - (answer)Theses kind of models focus on understanding the future.
Cash Budgeting - (answer)The process of projecting and summarizing a company's cash inflows
and outflows expected during a planning horizon, usually 6 to 12 months.
Project Management - (answer)Concerned with scheduling the activities of a project involving
interrelated activities.
Critical Path - (answer)The longest path through the network defines the minimum project
completion time is called the...
Optimization Models - (answer)Predictive models are often called ____________ .
-Specifies a set of decision variables, numerical quantities that represent the decision options
from which to choose.
