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1. Successful Decision Modeling requires an understanding of key relationship in both known parameters, variables and results. Choose the relevant category for the following value: Selling Price
A. Known Parameter
B. Result
C. Other
2. Future Decision Modeling will require a strong understanding of these common financial formulas. Determine the missing value: Annual Profit = ___________________________________ Annual Total Cost
A. Variable Cost
B. Sales
C. Fixed Cost
D. Annual Revenue
E. Annual Net income
3. In Excel Analysis, modeling relationships is critical for success. As a means to prepare you for modeling, define whether the following variables are inputs or outputs: Unit Sales
A. Input
B. Output
C. Both
D. Neither
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