Week 1 Spreadsheet Applications For Business

Table of Contents

What role can Excel play in decision-making? Explain
Describe the general model of problem-solving presented in the text. What are the three main phases and the different analysis steps involved? Explain
What should you consider before building a spreadsheet model? Explain
Give an example of each of the following: a quantitative basis for making a decision and a qualitative basis for making a decision. Explain
Describe a situation in which having access to large amounts of information had a positive impact on your decision-making. Explain
What is the relationship between problem solving and decision making? Explain.
Define what a knowledge worker is and discuss the significance of the knowledge worker in today’s business world. Explain
Describe a time you have performed a what-if analysis? Explain.
Describe a situation in which having access to large amounts of information had a negative impact on your decision-making. Explain
Define and differentiate between the terms information and data. Explain

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