Question 1

1 / 1 pts
It is better to use powerful functions in Excel to complete a calculation in a single cell than to
spread out a calculation over many cells using simpler formulas.
  
True
 
Correct!
  
False
 
 
Question 2
1 / 1 pts
Which of the following is an appropriate first step when building a spreadsheet model?
  
Expand the model to full scale.
 
  
Start with building a small scale model.
 
  
Optimize the model.
 
  
Test the model.
 
Correct!
  
Visualize where you want to finish.
 
 
Question 3
1 / 1 pts
Which of the following is not a part of the planning step when building a spreadsheet model?
  
Sketch out a spreadsheet
 
  
Visualize where you want to finish
 
Correct!
  
Test the spreadsheet model.
 
  
All of the answer choices are part of the planning step.
 
  
Do some calculations by hand.
 
 
Question 4
1 / 1 pts
Which of the following is not an advantage of using range names?
  
All of the answer choices are advantages of using range names.
 
  
They make formulas easier to interpret.
 
  
They make the Solver entries easier to understand and they make the model easier to modify are
not advantages of using range names.
 
  
They make the Solver entries easier to understand.
 
Correct!
  
They make the model easier to modify.
 
 
Question 5
1 / 1 pts
An absolute reference does not change when it is filled or copied into other cells.
Correct!
  
True
 
  
False
 
 
Question 6
0 / 1 pts
When building a model, it is often a good idea to start with a small-scale version of the problem.
You Answered
  
True
 
Correct Answer
  
False
 
 
Question 7
1 / 1 pts
In the example shown below, cell C7 uses absolute reference.

 
Correct!
  
True
 
  
False
 
 
Question 8
1 / 1 pts
In the example shown below, cell B4 is an input to cell B7.

 
Correct!
  
True
 
  
False
 
 
Question 9
1 / 1 pts
Which of the following are valid range names in Excel?
Correct!
  
TotalProfit and Total_Profit only
 
  
TotalProfit
 
  
Total Profit
 
  
Total_Profit
 
  
All of the answer choices are correct
 
 
Question 10
1 / 1 pts
The data is the first thing that should be entered in a spreadsheet model.
Correct!
  
True
 
  
False
 
 
Question 11
1 / 1 pts
If you add rows or columns to a spreadsheet Excel will automatically adjust named ranges to
compensate.
  
True
 
Correct!
  
False
 
 
Question 12
1 / 1 pts
In the example shown below, cells B7 through B18 are inputs to cell B4.

 
  
True
 
Correct!
  
False
 
 
Question 13
1 / 1 pts
Numbers should be included directly in formulas rather than entered separately in data cells in
order to keep the spreadsheet model concise.
  
True
 
Correct!
  
False
 
 
Question 14
1 / 1 pts
There is a systematic procedure that will lead to a single correct spreadsheet model.
  
True
 
Correct!
  
False
 
 
Question 15
1 / 1 pts
Whenever possible, the entire model should be displayed on the spreadsheet.
Correct!
  
True
 
  
False
 
 
Question 16
2 / 2 pts
A spreadsheet modeler is creating a spreadsheet to calculate each employee's total wages for a
time period. After completing the model, the analyst feels there is an error. Interpret the formula
information shown below to determine which of the following statements is TRUE.

 
  
The model is incorrect because it is using the wrong information for the employee hours and the
model is incorrect because it is using the wrong wage information are both true.
 
Correct!
  
The model is incorrect because it is using the wrong information for the employee hours.
 
  
The model is incorrect, but it is impossible to determine why.
 
  
There is no error in the model
 
  
The model is incorrect because it is using the wrong wage information.
 
 
Question 17
2 / 2 pts
A manager prepared a spreadsheet to calculate employee wages. After pressing Ctrl+~, the
formula view (shown below) appeared. What issues should be addressed on this spreadsheet?

 
  
Simple formulas should be used rather than complex Excel functions.
 
  
Data should be entered only once
 
  
Absolute references should be used.
 
Correct!
  
Data should be entered only once and simple formulas should be used rather than complex Excel
functions only.
 
  
Data should be entered only once, simple formulas should be used rather than complex Excel
functions and absolute references should be used.
 
 
Question 18
0 / 2 pts
A spreadsheet modeler is creating a spreadsheet to calculate each employee's total wages for a
time period. After completing the model, the analyst feels there is an error. Interpret the auditing
information shown below to determine which of the following statements is TRUE.

 
You Answered
  
There is no error in the model.
 
  
The model is incorrect because it is using the wrong information for the employee hours.
 
  
The model is incorrect because it is using the wrong information for the employee hours and the
model is incorrect because it is using the wrong wage information are both true.
 
Correct Answer
  
The model is incorrect because it is using the wrong wage information.
 
  
The model is incorrect, but it is impossible to determine why.
 
 
Question 19
2 / 2 pts
A spreadsheet modeler is creating a spreadsheet to calculate each employee's total wages for a
time period. After completing the model, the analyst feels there is an error. Interpret the auditing
information shown below to determine which of the following statements is TRUE.

 
  
The model is incorrect because it is using the wrong information for the employee hours.
 
  
The model is incorrect because it is using the wrong information for the employee hours and the
model is incorrect because it is using the wrong wage information are both true.
 
  
The model is incorrect because it is using the wrong wage information.
 
  
The model is incorrect, but it is impossible to determine why.
 
Correct!
  
There is no error in the model.
 
 
Question 20
0 / 2 pts
A student is using a spreadsheet to calculate her monthly surplus/deficit as well as annual
income. After pressing Ctrl+~, the formula view (shown below) appeared. What issues should be
addressed on this spreadsheet?

 
Correct Answer
  
Range names should be used.
 
  
No problems exist on this spreadsheet.
 
You Answered
  
Absolute references should be used.
 
  
Data should be entered only once.
 
  
Simple formulas should be used rather than complex Excel functions.
 
 
Question 21
1 / 1 pts
The allowable range for an objective function coefficient assumes that the original estimates for
all the other coefficients are completely accurate so that this is the only one whose true value
may differ from its original estimate.
Correct!
  
True
 
  
False
 
 
Question 22
1 / 1 pts
The allowable range gives ranges of values for the objective function coefficients within which
the values of the decision variables are optimal.
Correct!
  
True
 
  
False
 
 
Question 23
1 / 1 pts
A parameter analysis report re-solves the problem for a range of values of a data cell.
Correct!
  
True
 
  
False
 
 
Question 24
1 / 1 pts
If the change to a right-hand side is within the allowable range, the solution will remain the
same.
  
True
 
Correct!
  
False
 
 
Question 25
1 / 1 pts
An optimal solution is only optimal with respect to a particular mathematical model that provides
only a representation of the actual problem.
Correct!
  
True
 
  
False
 
 
Question 26
1 / 1 pts
When maximizing profit in a linear programming problem, the allowable increase and allowable
decrease columns in the sensitivity report make it possible to find the range over which the
profitability does not change.
  
True
 
Correct!
  
False
 
 
Question 27
1 / 1 pts
Every change in the value of an objective function coefficient will lead to a changed optimal
solution.
  
True
 
Correct!
  
False
 
 
Question 28
1 / 1 pts
When certain parameters of a model represent managerial policy decisions, what-if analysis
provides information about what the impact would be of altering these policy decisions.
Correct!
  
True
 
  
False
 
 
Question 29
1 / 1 pts
Managerial decisions regarding right-hand sides are often interrelated and so frequently are
considered simultaneously.
Correct!
  
True
 
  
False
 
 
Question 30
1 / 1 pts
Whenever proportional changes are made to all the unit profits in a problem, the optimal solution
will remain the same.
Correct!
  
True
 
  
False
 
 
Question 31
1 / 1 pts
When a change occurs in the right-hand side values of one of the constraints, a proportional
change will occur in one of the coefficients of the objective function.
  
True
 
Correct!
  
False
 
 
Question 32
1 / 1 pts
It is usually quite easy to find the needed data for a linear programming study.
  
True
 
Correct!
  
False
 
 
Question 33
1 / 1 pts
When a change in the value of an objective function coefficient remains within the allowable
range, the optimal solution will also remain the same.
Correct!
  
True
 
  
False
 
 
Question 34
1 / 1 pts
Changing the objective function coefficients may or may not change the optimal solution, but it
will always change the value of the objective function.
  
True
 
Correct!
  
False
 
 
Question 35
1 / 1 pts
What-if analysis can:
I. be done graphically for problems with two decision variables.
II. reduce a manager's confidence in the model that has been formulated.
III. increase a manager's confidence in the model that has been formulated.
  
III only
 
  
I and III Only
 
  
I only
 
  
II only
 
Correct!
  
All of the these.
 
 
Question 36
0 / 2 pts
Variable cells

Final Reduced Objective Allowable Allowable

Cell Name
Value Cost Coefficient Increase Decrease

$B$6 Activity 1 0 425 500 1E+30 425

$C$6 Activity 2 27.5 0.0 300 500 300

$D$6 Activity 3 0 250 400 1E+30 250

 
Constraints

Final Shadow Constraint Allowable Allowable

Cell Name
Value Price R.H. Side Increase Decrease

$E$2 Benefit A 110 0 60 50 1E+30

$E$3 Benefit B 110 75 110 1E+30 46

$E$4 Benefit C 137.5 0 80 57.5 1E+30

 
If the objective coefficients of Activity 2 and Activity 3 are both decreased by $100, then:
You Answered
  
the shadow prices are valid.
 
Correct Answer
  
the optimal solution remains the same.
 
  
None of the choices is correct.
 
  
the optimal solution may or may not remain the same.
 
  
the optimal solution will change.
 
 
UnansweredQuestion 37
0 / 2 pts
Variable cells
 Final Reduced Objective Allowable Allowable
Cell Name
Value Cost Coefficient Increase Decrease

$B$6 Activity 1 0 425 500 1E+30 425

$C$6 Activity 2 27.5 0.0 300 500 300

$D$6 Activity 3 0 250 400 1E+30 250

 
Constraints

Final Shadow Constraint Allowable Allowable

Cell Name
Value Price R.H. Side Increase Decrease

$E$2 Benefit A 110 0 60 50 1E+30

$E$3 Benefit B 110 75 110 1E+30 46

$E$4 Benefit C 137.5 0 80 57.5 1E+30

 
What is the optimal objective function value for this problem?
  
500
 
  
1,200
 
  
975
 
Correct Answer
  
8250
 
  
It cannot be determined from the given information.
 
 
UnansweredQuestion 38
0 / 2 pts
Variable cells

Final Reduced Objective Allowable Allowable

Cell Name
Value Cost Coefficient Increase Decrease

$B$6 Activity 1 0 425 500 1E+30 425

$C$6 Activity 2 27.5 0.0 300 500 300

$D$6 Activity 3 0 250 400 1E+30 250

 
Constraints

Final Shadow Constraint Allowable Allowable

Cell Name
Value Price R.H. Side Increase Decrease

$E$2 Benefit A 110 0 60 50 1E+30

$E$3 Benefit B 110 75 110 1E+30 46

$E$4 Benefit C 137.5 0 80 57.5 1E+30

 
If the right-hand side of Resource B changes to 80, then the objective function value:
  
will remain the same.
 
  
will decrease by $750.
 
  
will decrease by $1,500.
 
  
can only be discovered by resolving the problem.
 
Correct Answer
  
will decrease by $2,250.
 
 
UnansweredQuestion 39
0 / 2 pts
Variable cells 

Final Reduced Objective Allowable Allowable

Cell Name
Value Cost Coefficient Increase Decrease

$B$6 Activity 1 3 0 30 23 17

$C$6 Activity 2 6 0 40 50 10

$D$6 Activity 3 0 –7 20 7 1E+30

 
Constraints

Final Shadow Constraint Allowable Allowable

Cell Name
Value Price R.H. Side Increase Decrease

$E$2 Resource A 20 7.78 20 10 12.5

$E$3 Resource B 30 6 30 50 10

$E$4 Resource C 18 0 40 1E+30 22

 
If the coefficient of Activity 1 in the objective function changes to $10, then:
  
the shadow price is not valid.
 
  
the original solution remains optimal.
 
  
None of the above.
 
Correct Answer
  
the problem must be resolved to find the optimal solution.
 
  
the shadow price is valid.
 
 
UnansweredQuestion 40
0 / 2 pts
Variable cells 

Final Reduced Objective Allowable Allowable

Cell Name
Value Cost Coefficient Increase Decrease

$B$6 Activity 1 3 0 30 23 17

$C$6 Activity 2 6 0 40 50 10

$D$6 Activity 3 0 –7 20 7 1E+30

 
Constraints

Final Shadow Constraint Allowable Allowable

Cell Name
Value Price R.H. Side Increase Decrease

$E$2 Resource A 20 7.78 20 10 12.5

$E$3 Resource B 30 6 30 50 10

$E$4 Resource C 18 0 40 1E+30 22

 
If the right-hand side of Resource A changes to 10, then the objective function value:
  
will decrease by $12.50.
 
  
will decrease by $125.
 
  
will remain the same.
 
  
can only be discovered by resolving the problem
 
Correct Answer
  
will decrease by $77.80.
 
Quiz Score: 35 out of 50
Last Attempt Details:
Time: 60 minutes

Current Score: 35 out of 50

Kept Score: 35 out of 50

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