Deck 8: Excel Module Performing Calculations With Formulas and Functions

Question 1

When a formula includes a cell reference, Excel interprets that cell reference as being located relative to the position of the current cell.

Answer 1

True

Question 2

Optional arguments are always placed first in the argument list.

Answer 2

False

Question 3

The WORKDAY function displays the date of the weekday a specific number of weekdays past a starting date.

Answer 3

True

Question 4

The Fill Formatting Only option, which is the default, copies both the content and the formatting.

Question 5

The following mixed reference in the formula, $A5, has an absolute column reference and a relative row reference.

Question 6

The IF function is a logical function that returns one value if a condition is true, and returns a different value if that condition is false. 

Question 7

A mixed reference "locks" one part of the cell reference while the other part can change. 

Question 8

An error value begins with a pound sign (#) followed by an error name that indicates the type of error. 

Question 9

The statement "A1 >= B1" tests whether the value in cell A1 is lesser than or equal to the value in cell B1.

Question 10

A trial-and-error method lets you explore the impact that changing input values has on the  calculated values in the workbook.

Question 11

Functions are organized in the Function Library group on the FORMULAS tab. 

Question 12

A lookup table organizes numbers or text into categories.

Question 13

By default, AutoFill copies only the content not the formatting of the original range to the selected range. 

Question 14

Lookup tables can be constructed for exact match or approximate match lookups. 

Question 15

An error value indicates that some part of a function is preventing Excel from returning a calculated value.

Question 16

An argument can be any type of value including text, numbers, cell references, or even other formulas or functions.

Question 17

A constant is a value in a formula that doesn't change. 

Question 18

Goal Seek automates the trial-and-error process by allowing you to specify a value for  a calculated item, which Excel uses to determine the input value needed to reach that  goal.

Question 19

To display the current date and time, which is updated each time the workbook is reopened,  use the TODAY function. 

Question 20

One challenge of nesting functions is to make sure that you include all of the parentheses. 

Question 21

Which function counts how many cells in a range contain numbers, where value1 , value2 , and so forth are text, numbers, or cell references?

A) SUM
B) COUNT
C) COUNTA
D) AUTOSUM

Question 22

The ____ function returns the maximum value in the range.

A) TOP
B) FIRST
C) MAX
D) MOST

Question 23

Which of the following is not a date function? ____

A) YEAR
B) NOW
C) AND
D) TODAY

Question 24

In the following formula: =IF(A1="YES", "DONE", "RESTART"), what happens if A1= "NO"? _____

A) The formula returns the text "RESTART".
B) The formula returns the text "DONE".
C) The formula returns the text "NO".
D) The formula returns the text "NO, RESTART".

Question 25

Excel functions are organized into ____ categories.

A) 8
B) 10
C) 11
D) 13

Question 26

When you copy a formula that contains an absolute reference to a new location, the reference ____.

A) is updated automatically
B) does not change
C) becomes bold
D) has a dotted outline in its cell

Question 27

Another name for the middle value is the ____ value.

A) mode
B) center
C) median
D) relative

Question 28

Use ____ references when you want different formulas to refer to the same cell.

A) mixed
B) relative
C) absolute
D) fixed

Question 29

The numbers, text, or cell references used by the function to return a value are called ____.

A) expressions
B) arguments
C) data
D) values

Question 30

FUNCTION ( argument1 , argument2 , ...) is ____.

A) the syntax of writing optional arguments
B) an example of a formula
C) the general syntax of all functions
D) the general syntax of all formulas

Question 31

The ____ category of Excel functions returns (true-false) values.

A) Information
B) Statistical
C) Logical
D) Math & Trig

Question 32

After you describe a function in the Search for a function box in the Insert Function dialog box, click ____.

A) Go
B) Select
C) Insert
D) Next

Question 33

____ arguments may provide more control over the returned value.

A) Relative
B) Required
C) Optional
D) Absolute

Question 34

Absolute references are marked with a ____.

A) -
B) :
C) $
D) !

Question 35

=ROUND(AVERAGE(A1:A100),2) is an example of a(n) ____ function.

A) complex
B) logical
C) absolute
D) nested

Question 36

If an optional argument is not included, Excel assumes a(n) ____ value for it.

A) default
B) generic
C) static
D) absolute

Question 37

One of the great advantages of ____ references is that you can quickly generate row and column totals without having to worry about revising the formulas as you copy them to new locations.

A) cell
B) relative
C) absolute
D) formula

Question 38

Which of the following is a Math & Trig function? ____

A) INT
B) COUNT
C) MIN
D) AVERAGE

Question 39

Which of the following is a Statistical function? _____

A) INT
B) RAND
C) ROUND
D) AVERAGE

Question 40

Which of the following is not an Excel function category? ____

A) Math & Trig
B) Algebra
C) Statistical
D) Text

Question 41

=IF(G22="x", SUM(H22:J22),  " ") with display ______ if G22 is not equal to "x".

A) a blank cell
B) the result of the SUM
C) dashes
D) False

Question 42

In the formula =IF(A1=B1, C1, C2), the result will be C2 if ____.

A) A is equal to B
B) A does not equal B
C) A1+B1 is equal to C1
D) A1>B1 is equal to C2

Question 43

______ functions find values in tables of data and insert them in another location in the worksheet such as cells or in formulas.

A) Sum
B) Average
C) Lookup
D) Find

Question 44

In "SUM( number1 [, number2 , number3 , ...])", number 1, number 2, and number 3 may be numbers or ____.

A) letters
B) cell references
C) symbols
D) operators

Question 45

A logical function is a function that works with values that are either ____.

A) right or wrong
B) absolute or relative
C) positive or negative
D) true or false

Question 46

Which category of Excel functions returns information about the format, location, or contents of worksheet cells? ____

A) Location
B) Information
C) Reference
D) Description

Question 47

____ references are seldom used other than when creating tables of calculated values such as a multiplication table in which the values of the formula or function can be found in the initial rows and columns of the table.

A) Absolute
B) Relative
C) Mixed
D) Matched

Question 48

Case 3-1
Ellen is a recent college graduate. She has decided to open a T-Shirt business and would like to create budget worksheet using Microsoft Excel 2016. She need to keep track of her expenses and income for the year.

-Ellen wants to find out what her median monthly spending is. The monthly totals for her spending appear in the range A10:L10. Which of the following is NOT a way to enter the MEDIAN function into her database?

A) Type =MEDIAN(A10:L10) into an empty cell.
B) Select the range A10:L10, click the Quick Analysis button, click TOTALS, and then click Median.
C) Click the More Functions button in the Function Library group on the FORMULAS tab, point to Statistical, and then click MEDIAN.
D) Click the Insert Function button in the Function Library group on the FORMULAS tab, scroll the Select a function list, then click MEDIAN.

Question 49

Case 3-1
Ellen is a recent college graduate. She has decided to open a T-Shirt business and would like to create budget worksheet using Microsoft Excel 2016. She need to keep track of her expenses and income for the year.

-Ellen's spending varies from month to month. She wants to calculate the total  expenses for each month. She wants to see all of the arguments associated with the SUM function so she clicks the ____ then clicks SUM to open the Function Arguments dialog box.

A) Math & Trig button in the Formula group
B) Math & Trig button in the Function Library group
C) Financial button in the Formula group
D) Financial button in the Function Library group

Question 50

The fill handle copies ____.

A) content only
B) formats only
C) content and formats
D) formats and cell references

Question 51

Using the AutoFill Options button, the Fill Without Formatting option copies the ____ but not the formatting.

A) functions
B) content
C) cell references
D) left-aligns

Question 52

Using AutoFill, what would be the extended series of the initial entry Jan? ___

A) uary
B) Feb, Mar, Apr
C) Kan, Lan, Man, Nan
D) Jan1, Jan2, Jan3

Question 53

When you nest functions, you should have ____.

A) the equal sign
B) the same number of left and right parentheses
C) at least two functions
D) the correct number of brackets

Question 54

In the formula =INT(AVERAGE(A1:A100)), which would occur first? ____

A) The average of the values in the range A1:A100 is added to the integer.
B) The average of the integer value is calculated.
C) The average of the values in the range A1:A100 is calculated.
D) The integer portion of the value is extracted.

Question 55

One way to perform a _________ is by changing one or more of the input values  to see how they affect the calculated results.

A) goal seek
B) gunction
C) search
D) what-if analysis

Question 56

The Insert Function button is in the ____ group.

A) Calculation
B) Function Library
C) Sort & Filter
D) Home

Question 57

Case 3-1
Ellen is a recent college graduate. She has decided to open a T-Shirt business and would like to create budget worksheet using Microsoft Excel 2016. She need to keep track of her expenses and income for the year.

-Ellen opens Excel 2016 and enters her monthly income for one year beginning with January. To create a series of months, she can ____.

A) Type = Jan-Dec in cell A1 and then press Enter.
B) Type January in cell A1 and then drag the filll handle.
C) Type =YEAR in cell A1 and then press Enter.
D) Type =DATE(Jan, Dec) in cell A1 and then press Enter.

Question 58

The Insert Function dialog box has a(n) ____ option.

A) search
B) formatting
C) find and replace
D) expand/collapse

Question 59

If the VLOOKUP function cannot find the lookup value, the _________ error value is displayed in the cell.

A) #VALUE
B) #N/A
C) #ERROR
D) #NULL

Question 60

Case 3-1
Ellen is a recent college graduate. She has decided to open a T-Shirt business and would like to create budget worksheet using Microsoft Excel 2016. She need to keep track of her expenses and income for the year.

-Ellen has entered all of her monthly expenses. She needs to create a formula that will deduct her monthly expenses from her monthly income. Since her monthly income is the same amount each month, she uses a(n)____ to identify the cell containing the income value.

A) relative reference
B) absolute reference
C) mixed reference
D) fixed reference

Question 61

Not all functions have arguments, and some functions have ____________________ arguments, which are not required for the function to return a value, but can be included to provide more control over the returned value.

Question 62

The ____________________ organizes all of the functions by category and allows you to search for functions that perform particular calculations.

Question 63

Case 3-2
Susan is in charge of the inventory reports for her company.  She will need to find specific inventory items as well as project increases in inventory costs.  To get ready she will create a worksheet and use the Microsoft Excel 2016 Analysis tools.

-Susan wants to make some changes to the worksheet to explore the impact that changing input values has on the calculated values in the worksheet. She can use  ______.

A) Lookup Analysis
B) What-If Analysis
C) IF conditions
D) nested OR conditions

Question 64

Case 3-2
Susan is in charge of the inventory reports for her company.  She will need to find specific inventory items as well as project increases in inventory costs.  To get ready she will create a worksheet and use the Microsoft Excel 2016 Analysis tools.

-Susan needs to use a lookup function to find an exact match of an inventory item, so she will set the range_lookup value to _______ .

A) EXACT
B) 1
C) TRUE
D) FALSE

Question 65

____________________ is a set of rules which specifies how a function should be written.

Question 66

The ____________________ is the middle value from a sample.

Question 67

Case 3-2
Susan is in charge of the inventory reports for her company.  She will need to find specific inventory items as well as project increases in inventory costs.  To get ready she will create a worksheet and use the Microsoft Excel 2016 Analysis tools.

-Susan designs a worksheet with the inventory number, description, quantity, unit cost, reorder point and value.  To find values in tables of data, and insert them in another location in the worksheet such as cells or in formulas, she will use ________.

A) Max function
B) Lookup function
C) CountA function
D) Sum function

Question 68

A(n) ____________________ function is a function that works with statements that are either true or false.

Question 69

Case 3-1
Ellen is a recent college graduate. She has decided to open a T-Shirt business and would like to create budget worksheet using Microsoft Excel 2016. She need to keep track of her expenses and income for the year.

-Ellen is expecting to get a 3% raise next year.  She enters .03 in cell D2 so that she can predict her monthly income for the next year. What function key will make D2 an absolute reference?

A) F2
B) F4
C) F6
D) F1

Question 70

TODAY is an example of a(n) ____________________ function.

Question 71

Case 3-2
Susan is in charge of the inventory reports for her company.  She will need to find specific inventory items as well as project increases in inventory costs.  To get ready she will create a worksheet and use the Microsoft Excel 2016 Analysis tools.

-Susan uses VLOOKUP to retrieve the return value from a vertical lookup table.  When she enters the VLOOKUP function, specifying the lookup value and other criteria, the lookup value cannot be found.  It displays ______ error value in the cell.

A) #####
B) #Value
C) #N/A
D) Value not found

Question 72

A(n) ____________________ reference contains both relative and absolute references.

Question 73

Some cell references are called ____________________ references because they are always interpreted in relation to the location of the cell containing the formula.

Question 74

Case 3-2
Susan is in charge of the inventory reports for her company.  She will need to find specific inventory items as well as project increases in inventory costs.  To get ready she will create a worksheet and use the Microsoft Excel 2016 Analysis tools.

-Susan wants to automate the trial-and-error process by allowing her to specify a value for a calculated item, which Excel uses to determine the input value needed to reach that goal. She can use ______.

A) Data Validation
B) Goal Seek
C) Goal Set
D) If Conditional