Deck 4: Analyzing and Charting Financial Data

Question 1

A color bar is a conditional format that adds a horizontal bar to the background of a cell containing a numeric value._________________________

Answer 1

  False
data

Question 2

Combination charts enable you to show three sets of data using the chart type that is best for each data set._________________________

Answer 2

  False
two

Question 3

By default,Excel inserts a chart as an embedded chart._________________________

Answer 3

  True

Question 4

Pie charts are most effective with ten or fewer slices._________________________

Question 5

Each slice in a pie chart represents a single value from a data series.____________ 

Question 6

The PMT function calculates the payment required in each period to pay back the loan.___________ 

Question 7

A column chart turned on its side is called a bar chart,with the length of the bar determined by the data value.___________ 

Question 8

A ________ contains the actual values that are plotted on the chart.

A) data source 
B) data series 
C) category values 
D) legend

Question 9

In a line chart,the data markers are the points connected by the line._________________________

Question 10

The cell with the largest value contains a data marker that extends across the entire width of the cell,and the lengths of the other bars in the selected range are determined relative to that bar._________________________

Question 11

Sparklines differ from data bars in that the sparklines are always placed in the cells containing the value they represent.___________ 

Question 12

Excel charts are either placed in their own chart sheets or embedded in a worksheet.____________ 

Question 13

In pie charts,it's best to make the slice colors as similar as possible.___________ 

Question 14

You can quickly change the appearance of the entire chart by selecting a different chart style in the Chart Design gallery._________________________

Question 15

When you create sparklines,clicking any cell in the data range selects all of the sparklines in the group._________________________

Question 16

Line charts are best suited for representing data that follows some nonsequential order.___________ 

Question 17

You can move a chart from one worksheet to another,or you can place the chart in its own chart sheet.____________ 

Question 18

Interest is the amount of money being loaned.___________ 

Question 19

Interest is the amount added to the principal by the lender._________________________

Question 20

Every chart contains elements that can be formatted,added to the chart,or removed from the chart.__________ 

Question 21

A chart that compares three set of values in a three-dimensional chart is _____.

A) Stock
B) Radar 
C) Surface
D) Scatter

Question 22

To format an individual sparkline,select the sparkline you want to format,and then click the Ungroup button in the Group group on the SPARKLINE TOOLS ____ tab.

A) CREATE
B) VIEW 
C) LAYOUT
D) DESIGN

Question 23

A chart sheet can contain ____.

A) only one chart
B) one or two charts 
C) one to four charts
D) one to six charts

Question 24

____provide descriptive text for the individual data markers,such as pie slices 

A) Asset labels
B) Legend values 
C) Data labels
D) Leader lines

Question 25

A pie slice is a data marker that represents ____ from a data series.

A) only one value
B) at least one value 
C) no more than three values
D) no more than five values

Question 26

The ____ CHART TOOLS contextual tabs appear on the Ribbon when you select a chart.

A) INSERT and DESIGN
B) DESIGN and FORMAT 
C) INSERT and FORMAT
D) FORMAT and PRINT

Question 27

Which of the following shows the correct order of steps for adding a data series to a chart? 

A) Select the chart, Click the Add button, Click the Select Data button, Select the range 
B) Select the chart, Click the Select Data button, Click the Add button, Select the range 
C) Select the range, Click the Select Data button, Click the Add button, Select the chart 
D) Select the range, Select the chart, Click the Select Data button, Click the Add button

Question 28

Edward Tufte was concerned with what he termed as "chart ____," in which a proliferation of chart elements-chosen because they look "nice"-confuse and distract the reader.

A) espionage
B) clutter 
C) confusion
D) junk

Question 29

Excel supports all of the following  types of sparklines EXCEPT ____.

A) A win/loss sparkline for highlighting positive and negative values 
B) A column sparkline used for column charts 
C) A line sparkline for highlighting trends 
D) a true/false sparkline for help making decisions

Question 30

To add and remove chart elements,you can use the Add Chart Element button in the Charts Layout group on the ____ tab.

A) CHART TOOLS LAYOUT
B) CHART TOOLS DESIGN 
C) INSERT
D) HOME

Question 31

To resize an embedded chart,____.

A) select the chart and drag the corner sizing handle of the selection box 
B) right click the chart and then click Resize on the shortcut menu 
C) select the chart and press Tab 
D) both a and b

Question 32

The ____ is the only one of the following charts to compare relative values from different categories to the whole.

A) pie
B) column 
C) line
D) area

Question 33

Placing a chart in a ____ displays only the chart and no worksheet cells.

A) new worksheet
B) tabbed view 
C) graph display
D) chart sheet

Question 34

Category values are usually located in the ____ of the data source.

A) first row
B) first column 
C) either a or b
D) neither a nor b

Question 35

The ____ dialog box provides options for moving charts between worksheets and chart sheets.

A) Insert New
B) Tab 
C) Move Chart
D) Change Chart

Question 36

The range of values or _______,of an axis is based on the values in the data source.

A) scale 
B) defined range 
C) series 
D) length

Question 37

To move one slice of a pie chart away from the pie creates a(n)____.

A) spontaneous pie chart
B) perfect pie chart 
C) exploded pie chart
D) exponential pie chart

Question 38

To reposition the legend to the left-hand side of a chart,click the _________ button,point to Legend,click the right arrow icon,and click Left.

A) Legend
B) Chart Elements 
C) Formatting
D) Layout

Question 39

You already created a line chart,but now decide that you want to change this chart to a pie chart.To do this,you click ____ from the Type group in the Chart Tools Design tab.

A) Change Chart Type
B) New Chart 
C) Alter Existing Chart
D) Modify Chart

Question 40

You can choose Center,Inside End,Outside End,or Best Fit for the data label positions in the in the ____ pane.

A) Format Data Labels
B) Format Legend 
C) Format Chart Area
D) Format Axis

Question 41

Case 4-2
Mya has just surveyed 100 students to get their reaction to a new textbook she is reviewing.She has one data series that she wants to represent graphically,and she needs to display her data in a way that lets her visually compate the data values and see how much contributes to the whole.
Mya has asked for your advice.A colleague told her to remove the legend from her pie chart because it takes up too much space.What would be a better piece of advice to give Mya? 

A) Resize the legend to be as tiny as possible. 
B) Remove data from the legend. 
C) Overlay the legend on a part of the chart that's empty. 
D) You agree with the colleague; Mya should remove the legend.

Question 42

Case 4-2
Mya has just surveyed 100 students to get their reaction to a new textbook she is reviewing.She has one data series that she wants to represent graphically,and she needs to display her data in a way that lets her visually compate the data values and see how much contributes to the whole.
Mya needs to call attention to one category above all others.For this purpose,she should use a(n)____.

A) line chart
B) exploded pie chart 
C) scatter chart
D) banded chart

Question 43

Case 4-2
Mya has just surveyed 100 students to get their reaction to a new textbook she is reviewing.She has one data series that she wants to represent graphically,and she needs to display her data in a way that lets her visually compate the data values and see how much contributes to the whole.
Sometimes Mya might want to see information on only specific slices.Rather than creating a new chart that includes only those selections,she can _____ an existing chart.

A) search
B) filter 
C) find
D) examine

Question 44

____ is the amount added to the prinicpal of a loan by the lender.

A) Rate
B) Simple 
C) Interest
D) Maximum

Question 45

Case 4-2
Mya has just surveyed 100 students to get their reaction to a new textbook she is reviewing.She has one data series that she wants to represent graphically,and she needs to display her data in a way that lets her visually compate the data values and see how much contributes to the whole.
Since it's important for Mya to keep percentages of her whole reviewer base in mind,she wants to represent data as parts of a whole.What chart type would you suggest to Mya? _____ 

A) bar
B) column 
C) scatter
D) pie

Question 46

When combination charts have data series with vastly different values,you can create ____ charts.

A) dual axis 
B) secondary 
C) multivalued 
D) multiple axis

Question 47

The _______ displays the data series in separate columns side-by-side so that you can compare the relative heights of the columns in the three series.

A) clustered column chart
B) stacked column chart 
C) 100% stacked column chart
D) column chart

Question 48

The possible values for the type argument in the function above are.

A) 0 or null
B) 0 or 1 
C) 0, 1, or 2
D) 0, 1, 2, or 3

Question 49

In the figure above,fv and type are ____.

A) financial functions
B) required arguments 
C) comparison operators
D) optional arguments

Question 50

Case 4-1
Simon has just started a job with the police department.His director has given him the last six months of test results from four local precincts.Simon has organized the results as four data series and needs to display the trends in a graphic format
It's difficult to read the exact scale on some of Simon's data.Adding ____ would make it easier to read.

A) a legend
B) major tick marks 
C) colors
D) more numbers

Question 51

In the figure above,pv stands for the ____.

A) payments verified
B) principal value of the loan 
C) present value of the loan
D) primary interest rate of the loan

Question 52

Case 4-2
Mya has just surveyed 100 students to get their reaction to a new textbook she is reviewing.She has one data series that she wants to represent graphically,and she needs to display her data in a way that lets her visually compate the data values and see how much contributes to the whole.
Mya has decided she needs to move her chart so that it appears below her data source. Before she can move or resize her chart she must ______.

A) select the chart 
B) hold down the SHIFT key 
C) adjust the sizing handles 
D) move the mouse pointer to the center of the chart.

Question 53

Case 4-1
Simon has just started a job with the police department.His director has given him the last six months of test results from four local precincts.Simon has organized the results as four data series and needs to display the trends in a graphic format
Simon wants to change the chart's border.To do this,he should select the CHART TOOLS ____ tab.

A) FORMAT
B) EDIT 
C) DESIGN
D) LAYOUT

Question 54

Case 4-1
Simon has just started a job with the police department.His director has given him the last six months of test results from four local precincts.Simon has organized the results as four data series and needs to display the trends in a graphic format
Simon has finished his chart but needs to save some space.What's the most effective way for Andy to reduce space without losing important data? 

A) Delete parts of the data
B) Delete the legend 
C) Delete the title
D) Overlay the legend in areas without data

Question 55

The FV function stands for ____.

A) function value
B) future value 
C) financial value
D) formulated value

Question 56

Case 4-2
Mya has just surveyed 100 students to get their reaction to a new textbook she is reviewing.She has one data series that she wants to represent graphically,and she needs to display her data in a way that lets her visually compate the data values and see how much contributes to the whole.
Since Mya is still reviewing her data,she wants to make sure that her chart reflects any changes she makes in her data source.She should ____.

A) paste her chart in as a picture 
B) do nothing since charts in Excel remain linked to data sources 
C) manually adjust data in a chart 
D) create a new chart each time she modifies her data

Question 57

The ____ identifies which data markers are associated with each data series.

A) x-axis
B) y-axis 
C) chart area
D) legend

Question 58

In cases where a label placed outside a pie might appear farther from its slice than is easily readable,a(n)____________________ might be added to connect the data to its corresponding slices.

Question 59

The amount of money being loaned is known as the ____.

A) mortgage
B) principal 
C) loan amount
D) proposed principal

Question 60

In the figure above,nper stands for the ____.

A) total number of payment periods 
B) total number of payments that have already been made 
C) number of payments per year 
D) number of interest payments per year

Question 61

An _______ chart takes up less space than a chart sheet.

Question 62

Describe the some of the concepts and definitions associated with loans before using a PMT function.

Question 63

To compare values from several categories with a sequential order,such as dates and times occurring at evenly spaced intervals,you would use a(n)____________________ chart.

Question 64

You can add ___________________ to identify smaller intervals between the major tick marks.

Question 65

Each value from a data series is represented by a ________.

Question 66

______ are horizontal and vertical lines that help you compare data and category values.

Question 67

The _______ covers the entire background of the chart,whereas the plot area includes only that portion of the chart in which the data markers,such as the columns in a column chart,have been placed or plotted.

Question 68

Consider the impact of a poorly designed chart.Explain why it is important to have a well-designed chart,and name at least four tips for creating a good chart.

Question 69

A ____________ displays data values as columns with the height of each column based on the data value.

Question 70

Since scientific data is often plotting two numeric values against one another,it is oftentimes best to represent this data type with a(n)____________________ chart.

Question 71

The range of values,or ___________________,of an axis is based on the values in the data source.

Question 72

A(n)____________________ chart shows patterns or relationships between two or more sets of values,much like an XY chart,except the size of the data marker is determined by a third value.

Question 73

A chart that combines two or more chart types into a single graph is called a(n)____________________ chart.

Question 74

Each data source is a collection of ____________________,which is a range of values plotted as a single unit on a chart.

Question 75

The goal of a ______ is to convey the maximum amount of information within a very small space.