U9 Modelling 9.1.5 Uses of computer models

What is one factor that affects the effectiveness of a spreadsheet model?

• Human errors introduced by users

• The color of the spreadsheet

• The brand of the computer

• The time of day it is used

What mistake was made at the 2012 Olympics regarding spreadsheet data entry?

• Typing '2' instead of '1' and entering '20000' instead of '10000'

• Using the wrong spreadsheet software

• Forgetting to save the spreadsheet

• Entering data in the wrong column

What is one key phase of producing a model?

• Testing it to ensure it does what is intended

• Printing it for review

• Sharing it on social media

• Deleting unnecessary data

What is important for companies to be able to do according to the text?

• Make a profit

• Hire more employees

• Expand globally

• Reduce working hours

What does the model in Morag's company help predict?

• Profit

• Weather

• Employee satisfaction

• Market trends

What feature of spreadsheets allows you to change variables easily?

• What-if analysis

• Color coding

• Password protection

• Data encryption

What does conditional formatting in spreadsheets help with?

• Highlighting particular values

• Changing the font style

• Adding images

• Creating charts

What is a benefit of using conditional formatting?

• Seeing immediately which items are making a profit

• Changing the background color

• Increasing the font size

• Adding more data

What is a potential outcome if a company produces too much of a product that doesn't sell?

• Making a loss

• Gaining more customers

• Increasing market share

• Improving brand image

What is one of the main uses of complex models in financial organizations?

• To predict weather patterns

• To illustrate historical events

• To predict the number of products sold over time

• To create art designs