The major purpose of Scenario Analysis in Excel is A. To evaluate different sets of assumptionsB.  To run simulations to predict future outcomesOptions :Only AOnly BBoth A and BNeither A nor B

The purpose of Scenario Manager is to Group of answer choices Manage multiple scenario where calculations are unclear Predict the resulting changes in the data when certain aspects of the output is changed Predict the resulting changes in the outputs when certain aspects of the data is changed Help managers manage various scenarios Demonstrate typical scenario in spreadsheets

Which of the following Microsoft Excel tool lets you Test out scenarios and determine the range of outcomes without changing the actual data?SolverWhat-If-AnalysisMacros

What does the term "Scenario Manager" refer to in Excel?

Why is Excel important in finance?Financial functions are used in spreadsheets to test whether a situation is true or falseFinancial functions are used in spreadsheets to test whether a situation is true or falseExcel is an important tool that can help finance and accounting professionals create reports, analyze data, and prepare financial strategiesAll of the above

When setting up the spreadsheet for using Scenario Manager, all calculations must be made by using cell references if possible. This is because Group of answer choices 1.So that no values will be updated when changes in the data are made 2.Using cell references is cool 3.This is a required practice for any spreadsheets 4.So that all related values will be updated whenever changes in the data are made 5.Scenario Manager cannot be started without cell references used