Homework: Spreadsheet Applications for Business
i. What role can Excel play in decision-making? Explain.
ii. Describe the general model of problem-solving presented in the text. What are the three main phases and the different analysis steps involved? Explain
iii. What should you consider before building a spreadsheet model? Explain
iv. Give an example of each of the following: a quantitative basis for making a decision and a qualitative basis for making a decision. Explain.
v. Describe a situation in which having access to large amounts of information had a positive impact on your decision-making. Explain
vi. What is the relationship between problem solving and decision making? Explain.
vii. Define what a knowledge worker is and discuss the significance of the knowledge worker in today's business world. Explain
viii. Describe a time you have performed a what-if analysis? Explain.
ix. Describe a situation in which having access to large amounts of information had a negative impact on your decision-making. Explain
x. Define and differentiate between the terms information and data. Explain.
Format your homework according to the following formatting requirements:
i) The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
ii) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
iii) Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.