Test Bank For Exploring: Microsoft Excel 2019 Comprehensive, 1st Edition

Exploring Microsoft Office 365, Excel 2019 Comprehensive (Poatsy) Chapter 3 Formulas and Functions 1) If you wanted to reference a cell in a formula and you did not want that cell to change when copying and pasting you would use what kind of reference? A) Fixed B) Relative C) Mixed D) Absolute Answer: D Diff: 1 Objective: E2.01 Use Relative, Absolute, and Mixed Cell References in Formulas 2) If a cell containing =B$14 is copied and pasted three columns over and two rows down, what would the resultant cell reference become? A) E$14 B) $E$14 C) B16 D) B$16 Answer: A Diff: 2 Objective: E2.01 Use Relative, Absolute, and Mixed Cell References in Formulas 3) If the cell reference $A5 in a formula is copied and pasted over two columns and down two rows from its original cell, what the cell reference become in the new cell? A) $A5 B) $A7 C) $C5 D) $C7 Answer: B Diff: 2 Objective: E2.01 Use Relative, Absolute, and Mixed Cell References in Formulas 4) What is the default method of referencing cells in formulas? A) Absolute B) Relative C) Mixed D) Default Answer: B Diff: 2 Objective: E2.01 Use Relative, Absolute, and Mixed Cell References in Formulas 1 Copyright © 2020 Pearson 5) Which of the following is not a valid logical test? A) => B) <= C) D) >= Answer: A Diff: 2 Objective: E2.07 Use the IF Function 6) Which keyboard shortcut toggles through the types of reference options? A) F2 B) F3 C) F4 D) F5 Answer: C Diff: 3 Objective: E2.01 Use Relative, Absolute, and Mixed Cell References in Formulas 7) What type of cell reference should be used when a value remains constant? A) Absolute B) Relative C) Mixed D) Constant Answer: A Diff: 2 Objective: E2.01 Use Relative, Absolute, and Mixed Cell References in Formulas 8) If a cell containing the formula =$B$14 is not copy and pasted, but moved four columns over and four rows down, what would the resultant cell reference become? A) =F18 B) =$F$18 C) =B14 D) =$B$14 Answer: D Diff: 2 Objective: E2.01 Use Relative, Absolute, and Mixed Cell References in Formulas 9) Which Excel function changes the value to a desired number of decimal places? A) truncate B) Round C) Decrease decimal D) Increase decimal Answer: B Diff: 3 Objective: E2.03 Insert Basic Math and Statistics Functions 2 Copyright © 2020 Pearson 10) What describes a function’s purpose? A) Arguments B) Name C) Category D) Variables Answer: B Diff: 2 Objective: E2.02 Insert a Function 11) Which of the following is not a category of functions? A) Logical B) Financial C) Statistical D) Graphing Answer: D Diff: 2 Objective: E2.02 Insert a Function 12) What punctuation is used to separate the two cell references in a range? A) Period (.) B) Semi-colon (;) C) Comma (,) D) Colon (:) Answer: D Diff: 1 Objective: E2.02 Insert a Function 13) Functions can be selected by using the ________. A) Add Function dialog box B) Format Function dialog box C) Insert Function dialog box D) Create Function dialog box Answer: C Diff: 2 Objective: E2.02 Insert a Function 14) What do you use to separate arguments in a function? A) Period (.) B) Semi-colon (;) C) Comma (,) D) Colon (:) Answer: C Diff: 1 Objective: E2.02 Insert a Function 3 Copyright © 2020 Pearson 15) What error will you get if you type a function name incorrectly? A) #FUNCTION? B) #VALUE? C) #ERROR? D) #NAME? Answer: D Diff: 3 Objective: E2.02 Insert a Function 16) What term refers to the necessity of following the rules when it comes to using functions? A) syntax B) formula C) arguments D) function logic Answer: A Diff: 1 Objective: E2.02 Insert a Function 17) What does Excel use to indicate optional arguments in a function? A) Square brackets [] B) Parenthesis () C) Curly brackets {} D) Quote marks “” Answer: A Diff: 2 Objective: E2.02 Insert a Function 18) Which function would you use if you wanted to count the number of values, but ignore cells that have text or are empty? A) COUNT B) COUNTA C) COUNTBLANK D) COUNTVALUES Answer: A Diff: 2 Objective: E2.03 Insert Basic Math and Statistics Functions 19) What two functions compute the central tendency of values? A) AVERAGE and MODE B) AVERAGE and MEDIAN C) MIN and MAX D) AVERAGE and CENTER Answer: B Diff: 2 Objective: E2.03 Insert Basic Math and Statistics Functions 4 Copyright © 2020 Pearson 20) Where does Excel automatically display statistics like count, average, and sum when a range of values is selected? A) Formula bar B) Name box C) Status bar D) Statistics bar Answer: C Diff: 2 Objective: E2.03 Insert Basic Math and Statistics Functions 21) The ROUND function requires how many arguments? A) 2 B) 3 C) 4 D) 1 Answer: A Diff: 3 Objective: E2.03 Insert Basic Math and Statistics Functions 22) What is the term for the inputs required in a function? A) formulas B) syntax C) arguments D) terms Answer: C Diff: 2 Objective: E2.03 Insert Basic Math and Statistics Functions 23) If you wanted to count the number of entries in a list that contained numbers, text, and blank cells, but ignore the text and blank cells, which function would you use? A) COUNT B) COUNTA C) COUNTBLANK D) COUNTIF Answer: A Diff: 2 Objective: E2.03 Insert Basic Math and Statistics Functions 24) Which status bar statistic can you not enable? A) SUM B) MIN C) Range Name D) Page Number Answer: C Diff: 3 Objective: E2.03 Insert Basic Math and Statistics Functions 5 Copyright © 2020 Pearson 25) What action changes the actual number of decimal places Excel stores instead of just changing what is displayed? A) Decrease decimal setting B) Increase decimal setting C) ROUND function D) DECIMAL function Answer: C Diff: 3 Objective: E2.03 Insert Basic Math and Statistics Functions 26) What does the AVERAGE function not ignore? A) Text B) Empty cells C) Dates D) Cells with N/A Answer: C Diff: 3 Objective: E2.03 Insert Basic Math and Statistics Functions 27) What function computes the value in which one-half of the data is above and one-half is below. A) MIDDLE B) MODE C) AVERAGE D) MEDIAN Answer: D Diff: 3 Objective: E2.03 Insert Basic Math and Statistics Functions 28) Which of the following does not comply with the preferred way of using the SUM function? A) =SUM(A4:A11) B) =SUM(A4:A11, B9:E11) C) =SUM(A4, B8, D14) D) =SUM(A4/A11) Answer: D Diff: 2 Objective: E2.03 Insert Basic Math and Statistics Functions 29) What will you see if you enter the TODAY function without the parenthesis? A) #VALUE? B) Nothing. It will fill in the parenthesis for you. C) #FUNCTION? D) #NAME? Answer: D Diff: 3 Objective: E2.04 Use Date Functions 6 Copyright © 2020 Pearson 30) Which function would you use to find the oldest date in a range? A) MIN B) MAX C) OLDEST D) MEDIAN Answer: A Diff: 1 Objective: E2.04 Use Date Functions 31) Which of the following will not return the system clock’s date? A) NOW() B) TODAY() C) Ctrl+; D) DATE() Answer: D Diff: 3 Objective: E2.04 Use Date Functions 32) What keyboard shortcut will automatically update any formulas using =TODAY() or =NOW()? A) F8 B) F9 C) F10 D) F11 Answer: B Diff: 3 Objective: E2.04 Use Date Functions 33) Which of the following is not a valid test in an =IF statement? A) A4-B4 B) A4A4 D) B414,”Greater”,IF(A7>20,”Much Greater”,”Not Greater than 20″)) B) =IF(A720,”Much Greater”,”Not Greater than 20″)) C) =IF(A720,”Much Greater”,”Not Greater than 20″)) D) =IF(A720,”Much Greater”,”Not Greater than 20″) Answer: C Diff: 3 Objective: E2.07 Use the IF Function 7 Copyright © 2020 Pearson 35) Which of the following is not an argument associated with the IF function? A) Test B) Value if true C) Value if false D) Value if neither true nor false Answer: D Diff: 2 Objective: E2.07 Use the IF Function 36) Which of the following is not a valid =IF statement? A) =IF(A5>19,”Greater”,”Not Greater”) B) =IF(A5>19,b7,b9) C) =IF(A5>19,1,9) D) =IF(A5>19,Greater,Not Greater) Answer: D Diff: 2 Objective: E2.07 Use the IF Function 37) Which of the following is not a valid lookup function? A) HLOOKUP B) VLOOKUP C) LLOOKUP D) LOOKUP Answer: C Diff: 2 Objective: E2.05 Use Lookup Functions 38) To look up an exact match, what should you enter in the range_lookup argument? A) FALSE B) TRUE C) EXACT D) Leave it blank Answer: A Diff: 3 Objective: E2.05 Use Lookup Functions 39) Which of the following would not produce the correct monthly payment on a loan of $13,000 which will be paid off in 5 years with an annual interest rate of 6%? A) =PMT(6%,60,-13000) B) =PMT(.5%,60,-13000) C) =PMT(.5%,5*12,-13000) D) =PMT(6%/12,60,-13000) Answer: A Diff: 2 Objective: E2.06 Use the PMT Function 8 Copyright © 2020 Pearson 40) If you will never copy and paste a formula you do not have to be concerned about absolute, relative, or mixed references. Answer: TRUE Diff: 2 Objective: E2.01 Use Relative, Absolute, and Mixed Cell References in Formulas 41) In a mixed reference you can put the dollar sign ($) in front of the column or row indicator. Answer: TRUE Diff: 2 Objective: E2.01 Use Relative, Absolute, and Mixed Cell References in Formulas 42) A good practice when entering function names is to type them in lowercase and see if Excel converts them to upper case. Answer: TRUE Diff: 3 Objective: E2.02 Insert a Function 43) When entering functions, the square brackets, [], indicate required values. Answer: FALSE Diff: 2 Objective: E2.03 Insert Basic Math and Statistics Functions 44) The COUNTBLANK function will count cells that contain formulas that compute to a value of zero (0). Answer: FALSE Diff: 2 Objective: E2.03 Insert Basic Math and Statistics Functions 45) This is a valid way to use the MAX function: =MAX(a4:d11, f1:f2) Answer: TRUE Diff: 3 Objective: E2.03 Insert Basic Math and Statistics Functions 46) The COUNTA function only counts text entries. It does not count calculable values or blank cells. Answer: FALSE Diff: 2 Objective: E2.03 Insert Basic Math and Statistics Functions 47) Excel assigns date number 1 to January 1, 1900. Answer: TRUE Diff: 2 Objective: E2.04 Use Date Functions 9 Copyright © 2020 Pearson 48) All IF functions have three arguments. Answer: TRUE Diff: 1 Objective: E2.07 Use the IF Function 49) You could use both A3>b9 or B99,”Bigger”,”Smaller”) II. =???(12%/12,360,-120000) III. =???(A4,B4:F9,2) IV. =???(B9:E21) V. =???() A. NOW B. PMT C. VLOOKUP D. IF E. SUM Answer: D, B, C, E, A Diff: 3 Objective: Multiple Objectives 96) Match the following terms with their description: I. VLOOKUP II. HLOOKUP III. Lookup table IV. Lookup value V. Column index number A. Data is organized in rows B. Column that contains the return values C. Cell that contains the value to be looked up D. Has the data used with HLOOKUP or VLOOKUP E. Data is organized in columns Answer: E, A, D, C, B Diff: 2 Objective: E2.05 Use Lookup Functions 18 Copyright © 2020 Pearson