All Of The Following Are Types Of Prescriptive Analytics Except

Question: Prescriptive analytics will optimize the decisions based on the forecast of the future

Answer: True

Question: A series (such as monthly or annually) of fixed payments is called a(n) __________.

Answer: annuity

Question: The interest rate calculated to the point where the present value of cash inflows is equal to the present value of cash outflows is called __________.

Answer: internal rate of return

Question: Scenario analysis is ________

Answer: an analysis of future events performed by assessing the probability of those events and the potential outcomes

Question: __________ analytics identifies the best possible option given constraints or changing conditions.

Answer: Prescriptive

Question: An objective of financial accounting is to help investors and other users in assessing the amounts, __________, and __________of future cash cash-flows.

Answer: timing, uncertainty

Question: What is the internal rate of return for a $33,000 investment (−33,000 at year zero) and cash inflows of $10,000 per year for years 1 through 4?

Answer: 8.16%

Question: What is the Excel formula to compute the internal rate of return for a $32,000 investment and cash inflows of $10,000 per year for years 1 through 4?

Answer: =IRR(−33000,10000,10000,10000,10000)

Question: The technique used in management accounting to determine the change in profit associated with the cost or benefit of the next (or the marginal) unit is called __________.

Answer: marginal analysis

Question: An example of goal-seek analysis is determining __________.

Answer: the amount of sales to break even