Economics
What is the term for the study of how individuals and societies allocate scarce resources to satisfy their needs and wants?
What is economics?
What is the measure of central tendency that is calculated by adding all values in a dataset and dividing by the number of values?
What is the mean?
What is the process of finding the derivative of a function called, which measures how a function changes as its input changes?
What is differentiation?
What is the term for the horizontal group of cells in a spreadsheet, typically identified by a letter?
What is a row?
What is the term for the process of creating goods and services to satisfy consumer wants and needs?
What is production?
What is the term for the cost of the next best alternative that is given up when making a choice?
What is opportunity cost?
What is the term for the value that appears most frequently in a dataset?
What is the mode?
What is the term for the limit of the average rate of change of a function as the interval approaches zero, which gives the instantaneous rate of change?
What is the derivative?
What is the function used to calculate the average of a range of cells in Excel?
What is AVERAGE()?
What is the term for the economic system in which individuals own and operate the majority of businesses, often characterized by competition and profit motives?
What is capitalism?
What is the term for a market structure characterized by a single seller, selling a unique product in the market, often with significant barriers to entry for other firms?
What is a monopoly?
What is the term for the spread of data points around the mean, often measured by the average squared deviation from the mean?
What is variance?
What is the integral called that represents the area under a curve defined by a function over a specified interval?
What is the definite integral?
What is the feature in Excel that allows users to automatically fill in a series of data, such as dates or numbers, by dragging the fill handle?
What is AutoFill?
What is the term for the organized effort by individuals to produce and sell goods and services for profit, often involving risk and investment?
What is entrepreneurship?
What is the economic principle that describes the situation where the quantity demanded of a good equals the quantity supplied at a particular price?
What is market equilibrium?
What is the statistical term for a graphical representation that displays the frequency distribution of a dataset, often using bars to show the number of observations within specific intervals?
What is a histogram?
What is the fundamental theorem of calculus that connects differentiation and integration, stating that differentiation and integration are inverse processes?
What is the Fundamental Theorem of Calculus?
What is the term for the graphical representation of data in Excel that allows users to visualize trends, comparisons, and patterns?
What is a chart?
What is the strategic planning tool used to evaluate the strengths, weaknesses, opportunities, and threats of a business or project?
What is a SWOT analysis?
What is the term for a situation in which a government sets a maximum allowable price for a good or service, often leading to shortages?
What is a price ceiling?
What is the probability distribution that describes the number of successes in a fixed number of independent Bernoulli trials, each with the same probability of success?
What is the binomial distribution?
What is the term for a point on a curve where the derivative is either zero or undefined, indicating a potential local maximum or minimum?
What is a critical point?
What is the function used to look up a value in a table and return a corresponding value from a specified column, often used for searching within a dataset?
What is VLOOKUP()?
What is the financial statement that provides a snapshot of a company's assets, liabilities, and equity at a specific point in time?
What is a balance sheet?