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Question 3 (i) Giving specific examples, explain the term spreadsheet. (ii) Give three advantages of using spreadsheets in financial analysis. (iii) Differentiate between absolute referencing

Question 3

  1. (i) Giving specific examples, explain the term spreadsheet.

(ii) Give three advantages of using spreadsheets in financial analysis.

(iii) Differentiate between absolute referencing and relative referencing.

  1. Sales are often considered to be the principal budget factor of an organization. Explain the meaning of the term principal budget factor.

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