Deck 8: Excell: Working With Advanced Functions

Question 1

If any logical condition listed in the function is true, the AND function returns a TRUE value.

Answer 1

False

Question 2

In most cases, when manually creating a conditional formatting formula, the formula should use absolute references and point to the first row of data in a table.

Answer 2

False

Question 3

The COUNTAS function counts the number of cells within a range that meet multiple criteria.

Answer 3

False

Question 4

You cannot nest more than one IF function to test for multiple outcomes.

Question 5

If you need to modify the formula in a calculated column, you edit the formula in one cell of the column and then you modify the formulas in the remaining cells in that table column.

Question 6

The VLOOKUP function searches vertically down the first column of the lookup table for the value you entered, and then retrieves the corresponding value from another column of the table.

Question 7

A formula that includes a structured reference can be fully qualified or unqualified.

Question 8

All the logical conditions listed in an AND function must be true for the AND function to return a TRUE value.

Question 9

Nesting IF functions will allow for three or more outcomes.

Question 10

In a fully qualified structured reference, the table name follows the column qualifier.

Question 11

According to the dialog box in the accompanying figure, the column in the MedicalRates lookup table that stores the value to be returned is the first column.

Question 12

You can calculate the number of cells in a range that match criteria you specify using the SUMIF function.

Question 13

Duplicate value highlighting helps to verify that columns of data have unique entries.

Question 14

According to the dialog box in the accompanying figure, the MedicalRates table is the one from which the data in your funtion argument will be obtained.

Question 15

If a formula is in a calculated table column, you need to make a change in only one cell and the change will automatically be copied to all the cells in the column.

Question 16

An error value begins with a(n) number sign followed by an error name, which indicates the type of error.

Question 17

In the DATEDIF function, the first date argument is the latest date.

Question 18

The IF function evaluates a(n) single condition.

Question 19

Two common categories of formula errors in Excel are syntax errors and logic errors.

Question 20

The ORERROR function can determine if a cell contains an error value and then display the message you choose.

Question 21

The _____ function calculates the difference between two dates and shows the result in months, days, or years.

A) nested IF
B) CALIF
C) DATEDIF
D) DATE

Question 22

If you are not sure of a table's name, click in the table, click the _____ tab on the Ribbon, and then click the Table Name box in the Properties group.

A) LAYOUT
B) FORMAT
C) TABLE TOOLS DESIGN
D) STRUCTURED REFERENCES

Question 23

You can include up to _____ logical conditions in the AND function.

A) 25
B) 50
C) 225
D) 255

Question 24

Given the flowchart in the accompanying figure, the Perf Rating of _____ yields a Bonus value of 2500.

A) 1
B) 2
C) 0
D) 7500

Question 25

The complete formula that corresponds to the flowchart in the accompanying figure is _____.

A) =IF([Perf Rating]=2,2500,IF([Perf Rating]=1,2500,7500))
B) =AND([Perf Rating]=2,2500,AND([Perf Rating]=1,2500,7500))
C) =IF([Perf Rating]=1,0,IF([Perf Rating]=2,2500,7500))
D) =AND([Perf Rating]=1,2500,AND([Perf Rating]=2,0,7500))

Question 26

_____ just above the header row of an Excel table to select the column data but not the header.

A) Click
B) Double-click
C) Triple-click
D) Right-click

Question 27

When Excel automatically fills the rest of a table column with a formula entered into an empty table column, this is referred to as a(n) _____ column.

A) concatenated
B) calculated
C) autofilled
D) custom

Question 28

When you create a calculated column, you can use _____ references to create the formula.

A) indexed
B) structured
C) key
D) logical

Question 29

To get the effect of a calculated column in a range of data, you must copy and paste the formula or use the _____ feature.

A) Concatenation
B) Merged
C) AutoFill
D) Indexed

Question 30

Given the flowchart in the accompanying figure, the Perf Rating of _____ yields a Bonus value of 0.

A) 1
B) 2
C) 2500
D) 7500

Question 31

If all of the logical conditions are true, the AND function returns the logical value _____.

A) FALSE
B) ON
C) TRUE
D) OFF

Question 32

You could test two or more conditions and determine whether all conditions are true using the _____ function.

A) OR
B) IF
C) AND
D) THIS

Question 33

If you are creating a calculated column or formula within an Excel table, you can use the _____ structured reference in the formula.

A) basic
B) advanced
C) qualified
D) restricted

Question 34

The _____ function is a logical function that evaluates a condition and then returns one value if the condition is true and another value if the condition is false.

A) THIS
B) IF
C) WHEN
D) NOT

Question 35

The _____ function is a logical function that returns a TRUE value if any of the logical conditions are true and a FALSE value if all the logical conditions are FALSE.

A) IF
B) AND
C) OR
D) THIS

Question 36

If you edit a cell in a calculated column so it is no longer consistent with the other formulas in the column, a _____ appears in the upper-left corner of the cell.

A) red circle
B) blue square
C) red square
D) green triangle

Question 37

You can _____ IF functions to allow for three or more outcomes.

A) loop
B) cycle
C) nest
D) link

Question 38

With the DATEDIF function, the _____ interval code means months.

A) m
B) mo
C) mon
D) mth

Question 39

When you want to reference an entire column of data in a table, you create a column _____.

A) label
B) name
C) variable
D) qualifier

Question 40

_____ references make it easier to create formulas that use portions or all of an Excel table because the names of headers are usually simpler to identify than cell addresses.

A) Indexed
B) Structured
C) Key
D) Logical

Question 41

You can edit existing conditional formatting rules from the Conditional Formatting _____ dialog box. Click the Edit Rule button and make the appropriate changes.

A) Rules Editor
B) Rules Manager
C) Editor
D) Manager

Question 42

Lookup _____ allow you to use tables of data to "look up" values and insert them in another worksheet location.

A) functions
B) formulas
C) equations
D) calculations

Question 43

The _____ function calculates the average of values in a range that match criteria you specify.

A) AVERAGEAS
B) AVERAGEOR
C) AVERAGEAND
D) AVERAGEIF

Question 44

For conditional formatting, a formula must be in the form of a(n) _____ test that results in a true or false value.

A) conditional
B) hypothetical
C) logical
D) approximate

Question 45

The _____ error value means that a value is not available to a function or formula.

A) #NAME?
B) #N/A
C) #NULL!
D) #NUM!

Question 46

In the Edit Formatting Rule dialog box, click the _____ button to open the Format Cells dialog box.

A) Format Cells
B) Options
C) Format
D) Cell Tools

Question 47

An error value begins with a(n) _____ followed by an error name that indicates the type of error.

A) number sign
B) asterisk
C) exclamation point
D) plus sign

Question 48

If you see _____ as the result of a VLOOKUP formula, you might have entered a letter for the col_index_num instead of a number.

A) #NULL
B) #REF?
C) #NAME?
D) #DIV/0

Question 49

To change the background fill color of duplicate values, in the _____ group on the HOME tab, click the Conditional Formatting button, and then click Manage Rules.

A) Format
B) Options
C) Styles
D) Tools

Question 50

Using the VLOOKUP function, an exact match lookup occurs when the value entered must match one of the values in _____ of the lookup table.

A) the first column
B) any column
C) the first row
D) any row

Question 51

Each time you create a conditional format, you are defining a conditional formatting _____.

A) theme
B) object
C) condition
D) rule

Question 52

The Conditional Formatting button provides access to the _____.

A) Replicate Values conditional format
B) Manage Rules option
C) Criteria option
D) Organize Rules option

Question 53

When using VLOOKUP, the _____argument is optional.

A) lookup_value
B) table_array
C) range_lookup
D) col_index

Question 54

You can edit existing conditional formatting _____ from the Conditional Formatting Rules Manager dialog box.

A) themes
B) objects
C) tables
D) rules

Question 55

To highlight duplicate values, in the Styles group on the _____ tab, click the Conditional Formatting button, point to Highlight Cells Rules, and then click Duplicate Values.

A) HOME
B) PAGE LAYOUT
C) FORMULAS
D) DATA

Question 56

The major difference between HLOOKUP and VLOOKUP functions is the way the lookup tables are _____.

A) named
B) organized
C) saved
D) opened

Question 57

The _____ function searches vertically down the first column of the lookup table.

A) VLOOK
B) VLOOKUP
C) HLOOK
D) HLOOKUP

Question 58

The _____ function adds the values in a range that match criteria you specify.

A) ADDIF
B) ADDAS
C) SUMIF
D) SUMAS

Question 59

The _____ function calculates the number of cells in a range that match criteria you specify.

A) NUMBERIF
B) COUNTIF
C) NUMBERAS
D) COUNTAS

Question 60

You can use a _____ function to return a value from a table that is based on an approximate match lookup.

A) VLOOKUP
B) VAVERAGE
C) VMATCH
D) VAPPROXIMATE

Question 61

You can use _____ to reference cells within an Excel table.

A) unstructured references
B) cell and range addresses
C) macros
D) links

Question 62

To retrieve a particular value from a lookup table, a(n) ____________________ needs to match the compare values.

Question 63

A(n) ____________________ IF function is when one IF function is placed inside another IF function to test an additional condition.

Question 64

Case-Based Critical Thinking Questions
Case 8-2
Your boss in the human resources department asks you to write a function that calculates the length of time that employees have been with the firm, using the DATEDIF function. Assume that C2 contains the hire date for a given employee and that cell $AE$2 contains the cut-off date against which to compare the hire date to determine length of service.
For a separate service recognition program, you need to calculate the length of service in complete years. What is the correct formula?

A) =DATEDIF(C2, $AE$2, "yr")
B) =DATEDIF($AE$2, C2, "year")
C) =DATEDIF($AE$2, C2, "yr")
D) =DATEDIF(C2, $AE$2, "y")

Question 65

Case-Based Critical Thinking Questions
Case 8-3
You have been using a variety of nested IF functions to calculate costs in your spreadsheet when a colleague stops by and comments on what you have been working on, suggesting that there is an easier approach to use.
If you omit the range_lookup value from a LOOKUP function, which of the following is true?

A) The function returns the #NAME? error value.
B) Your function can only search the first column of the lookup table.
C) It is considered an approximate match.
D) It is considered an exact match.

Question 66

The ____________________ function is used to change the orientation of a range-that is, return a vertical range of cells as a horizontal range, or vice versa.

Question 67

Case-Based Critical Thinking Questions
Case 8-2
Your boss in the human resources department asks you to write a function that calculates the length of time that employees have been with the firm, using the DATEDIF function. Assume that C2 contains the hire date for a given employee and that cell $AE$2 contains the cut-off date against which to compare the hire date to determine length of service.
For one service recognition program, you need to calculate the length of service in complete months. What is the correct formula?

A) =DATEDIF(C2, $AE$2, "m")
B) =DATEDIF($AE$2, C2, "month")
C) =DATEDIF($AE$2, C2, "mth")
D) =DATEDIF(C2, $AE$2, "mon")

Question 68

When you create a formula that references all or parts of an Excel table, you can replace the specific cell or range address with a(n) ____________________ reference, the actual table name or column header.

Question 69

Case-Based Critical Thinking Questions
Case 8-1
Evaluate the formula =AND(G2="FT",M2>=1) based upon the information provided.
What value is returned assuming that G2 contains the value PT and M2 contains the value 2?
C) PT
D) PT, 2

Question 70

Case-Based Critical Thinking Questions
Case 8-3
You have been using a variety of nested IF functions to calculate costs in your spreadsheet when a colleague stops by and comments on what you have been working on, suggesting that there is an easier approach to use.
You implement the VLOOKUP formula at your colleague's suggestion, but you get the #VALUE! error as the result of the formula. Which of the following is likely true?

A) You might have entered a table name for the table_array value instead of the cell reference of the lookup table.
B) You might have indicated that the compare values are a range of values instead of an exact match.
C) You might have entered a number for the col_index_num instead of a letter.
D) You might have entered a letter for the col_index_num instead of a number.

Question 71

Case-Based Critical Thinking Questions
Case 8-3
You have been using a variety of nested IF functions to calculate costs in your spreadsheet when a colleague stops by and comments on what you have been working on, suggesting that there is an easier approach to use.
Which of the following is an effective alternative for the use of extensive nested IF functions?

A) compare table
B) function table
C) lookup table
D) case table

Question 72

Case-Based Critical Thinking Questions
Case 8-1
Evaluate the formula =AND(G2="FT",M2>=1) based upon the information provided.
What value is returned assuming that G2 contains the value FT and M2 contains the value 2?
C) PT
D) PT, 2

Question 73

The ____________________ function adds the values in a range that meet criteria you specify.

Question 74

The ____________________ function is a logical function that returns a TRUE value if any of the logical conditions are true and a FALSE value if the logical conditions are false.

Question 75

Case-Based Critical Thinking Questions
Case 8-4
The following formula is used to determine Dean's List status: =AND(B1>=12,B2>3.25).
Use the information provided to evaluate the formula.
Assuming that B1 contains 15 and B2 contains 3.5, then _______.

A) the formula indicates that the student is on the Dean's List
B) the formula indicates that the student is NOT on the Dean's List
C) the formula returns a value of 0
D) the formula returns an error message

Question 76

The ____________________ function calculates the difference between two dates and shows the result in months, days, or years.

Question 77

The ____________________ function is a logical function that returns a TRUE value if all the logical conditions are true and a FALSE value if any or all of the logical conditions are false.

Question 78

The COUNTIF function is sometimes referred to as a(n) _____ count.

A) network
B) criterion
C) conditional
D) basic

Question 79

Case-Based Critical Thinking Questions
Case 8-4
The following formula is used to determine Dean's List status: =AND(B1>=12,B2>3.25).
Use the information provided to evaluate the formula.
Assuming that B1 contains 12 and B2 contains 3.25, then _____.

A) the formula indicates that the student is on the Dean's List
B) the formula indicates that the student is NOT on the Dean's List
C) the formula returns a value of 0
D) the formula returns an error message

Question 80

Case-Based Critical Thinking Questions
Case 8-2
Your boss in the human resources department asks you to write a function that calculates the length of time that employees have been with the firm, using the DATEDIF function. Assume that C2 contains the hire date for a given employee and that cell $AE$2 contains the cut-off date against which to compare the hire date to determine length of service.
On a lark, for a year-end trivia contest, your boss wants you to calculate the length of service in complete days. What is the correct formula?

A) =DATEDIF(C2, $AE$2, "today")
B) =DATEDIF($AE$2, C2, "dy")
C) =DATEDIF($AE$2, C2, "day")
D) =DATEDIF(C2, $AE$2, "d")