Exam 19: Excel: Formulas and Functions: Performing Quantitative Analysis

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The =DATE(year,month,day)function returns a serial number for a date.

(True/False)
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Which of the following is FALSE about a function in Excel?

(Multiple Choice)
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What is Quick Analysis in Excel 2013?

(Essay)
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What does the TODAY function do?

(Multiple Choice)
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Describe a circular reference.Provide an example.

(Essay)
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Match the following Excel buttons with their description:
Expand button
set of tools to use to apply formatting,create charts or tables,or insert basic functions
Trace Error button
makes a dialog box reappear after collapsing it
Quick Analysis button
makes a dialog disappear in order to select a cell or range on a worksheet
Correct Answer:
Verified
Premises:
Responses:
Expand button
set of tools to use to apply formatting,create charts or tables,or insert basic functions
Trace Error button
makes a dialog box reappear after collapsing it
Quick Analysis button
makes a dialog disappear in order to select a cell or range on a worksheet
Collapse button
will allow you to copy only formats
Auto Fill Options button
displays information about a potential problem
(Matching)
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Which of the following is FALSE about the NOW function?

(Multiple Choice)
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The IF function:

(Multiple Choice)
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The ________ function category performs tests and returns the value of the tests.

(Short Answer)
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The pv of a PMT function refers to the present value of a loan.

(True/False)
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Match the range names to their descriptions:
COL
acceptable name with underscore
Tax_Rate
acceptable abbreviation for cost-of-living
Grades
unacceptable name;can't use spaces in names
Correct Answer:
Verified
Premises:
Responses:
COL
acceptable name with underscore
Tax_Rate
acceptable abbreviation for cost-of-living
Grades
unacceptable name;can't use spaces in names
Discount Rate %
acceptable range name
Commission Rate
unacceptable name;can't use special symbols and spaces
(Matching)
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Match the argument types to their function:
(... ,table_array,... )
=VLOOKUP
(logical_test,... ,... )
=TODAY
(Number1)
=PMT
Correct Answer:
Verified
Premises:
Responses:
(... ,table_array,... )
=VLOOKUP
(logical_test,... ,... )
=TODAY
(Number1)
=PMT
(rate,... ,... )
=IF
( )
=SUM
(Matching)
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Match the formulas to their descriptions:
=($C5+D5)*$E5
includes a circular reference
=(C5+D5)*E5
uses a mixed reference
=(C5+D5)*$E$5
uses only an absolute reference
Correct Answer:
Verified
Premises:
Responses:
=($C5+D5)*$E5
includes a circular reference
=(C5+D5)*E5
uses a mixed reference
=(C5+D5)*$E$5
uses only an absolute reference
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A relative cell ________ indicates a cell's relative location.

(Short Answer)
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The nper in a PMT function is:

(Multiple Choice)
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What is a lookup table used for?

(Multiple Choice)
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Match the terms to their descriptions:
Syntax
specific inputs in a function
Function ScreenTip
displays a list of functions and defined names that match letters as you type
Formula AutoComplete
rules that dictate structure and components required for calculations
Correct Answer:
Verified
Premises:
Responses:
Syntax
specific inputs in a function
Function ScreenTip
displays a list of functions and defined names that match letters as you type
Formula AutoComplete
rules that dictate structure and components required for calculations
Function
predefined computation that can perform complex computations
Argument
small pop-up description that displays a function's arguments
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The first argument in a PMT function is the ________.

(Short Answer)
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A range name:

(Multiple Choice)
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The ________ function returns one value if a condition is true and another if a condition is false.

(Short Answer)
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