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Quiz
1
Beginner
CRaFT is the acronym to support the four ideal principles of a Best Practice model. Which of these is NOT an attribute of CRaFT?
Consistency
Robustness
Accuracy
Don’t know
2
Beginner
In a financial model, which of the following is unlikely to be given its own worksheet?
Executive Summary
Constants summary, where assumptions are stored that are not be changed (e.g. hours in day)
Chart sheets, due to the fact data is on another sheet and they are difficult to hyperlink to
Don’t know
3
Beginner
When creating formulae, what is the “Rule of Thumb”?
As a general principle (i.e. Rule of Thumb), use CRaFT to build your models when you can
Ideally, no formula should be longer than your thumb in the formula bar
Functions used in an Excel formula should be as recognizable to an end user as their thumbs
Don’t know
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