What is meant by the term 'spreadsheet model'?

The term 'spreadsheet model' refers to the use of a spreadsheet to create a representation of a real-world scenario, which allows users to analyze data and outcomes effectively. This concept emphasizes how spreadsheets can simulate various situations by incorporating data input, calculations, and visual outputs such as charts or tables. By using a spreadsheet model, users can manipulate data and see how changes affect the overall scenario, making it a powerful tool for decision-making, forecasting, and analysis.

In contrast, the other choices describe aspects related to spreadsheets but do not encompass the full meaning of a spreadsheet model. Designing graphics pertains to visual representation rather than data analysis, organizing data refers to the structure of information, and formulas are specific functions used within spreadsheets, but they do not encapsulate the broader concept of modeling real-world situations.