Which of the following are benefits of financial models to users?
A)Users can use the model for business purposes without becoming overwhelmed by the related number crunching.
B)Models allow an organization to study the impact of a possible business action by reviewing the potential results before taking action.
C)Models help managers identify a bad project or decision ahead of time,before it negatively impacts the company involved.
D)All of the answers are correct.

Question

Quizplus · Accepted Answer

All of the answers are correct. Financial models provide various benefits to users including the ability to simplify complex calculations, analyze different scenarios, and identify potential risks or opportunities. They also help users make informed business decisions and allocate resources effectively.

Which of the Following Are Benefits of Financial Models to Users