Deck 9: Analyzing and Charting Financial Data

Question 1

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

Answer 1

True

Question 2

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

Answer 2

False

Question 3

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

Answer 3

True

Question 4

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

Question 5

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

Question 6

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 7

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

Question 8

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

Question 9

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

Question 10

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

Question 11

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

Question 12

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

Question 13

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

Question 14

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

Question 15

A watermark can be inserted into the header or footer of a worksheet. _________________________

Question 16

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

Question 17

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

Question 18

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

Question 19

Interest is the amount of money being loaned.

Question 20

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

Question 21

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 22

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

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

Question 23

MATCHING
Identify the letter of the chart type that best matches the phrase or definition.
a.Scatter
b.Column
c.XY
d.Line
e.Radar
f.Pie
g.Stock
h.Bar
i.Surface
j.Area
Displays stock market data

Question 24

MATCHING
Identify the letter of the chart type that best matches the phrase or definition.
a.Scatter
b.Column
c.XY
d.Line
e.Radar
f.Pie
g.Stock
h.Bar
i.Surface
j.Area
Compares relative values of different categories to the whole. A value is indicated by the area of a(n) ____

Question 25

MATCHING
Identify the letter of the chart type that best matches the phrase or definition.
a.Scatter
b.Column
c.XY
d.Line
e.Radar
f.Pie
g.Stock
h.Bar
i.Surface
j.Area
Compares values from different categories. A value is indicated by the length of the ____

Question 26

MATCHING
Identify the letter of the chart type that best matches the phrase or definition.
a.Scatter
b.Column
c.XY
d.Line
e.Radar
f.Pie
g.Stock
h.Bar
i.Surface
j.Area
Compares values from different categories. Areas under the lines contain a fill color

Question 27

MATCHING
Identify the letter of the chart type that best matches the phrase or definition.
a.Scatter
b.Column
c.XY
d.Line
e.Radar
f.Pie
g.Stock
h.Bar
i.Surface
j.Area
Similar to a Scatter chart

Question 28

MATCHING
Identify the letter of the chart type that best matches the phrase or definition.
a.Scatter
b.Column
c.XY
d.Line
e.Radar
f.Pie
g.Stock
h.Bar
i.Surface
j.Area
Compares values from different categories. A value is indicated by the height of each ____.

Question 29

Referring to the figure above, if you were to create a Wine Production Chart pie chart using the information in B28:C34, the data source for that chart would be ____.

A) B28:C34
B) B29:C33
C) B28:B34
D) B29:C34

Question 30

MATCHING
Identify the letter of the chart type that best matches the phrase or definition.
a.Scatter
b.Column
c.XY
d.Line
e.Radar
f.Pie
g.Stock
h.Bar
i.Surface
j.Area
Compares a collection of values from several different data sets.

Question 31

In the lower right corner, below C34, the _____ tool displays.

A) Screen Tip
B) Quick Analysis
C) What-If
D) Quick Chart

Question 32

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 33

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 34

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 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

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 37

In the figure above, the biggest slice is the cases of _______.

A) Riesling
B) Chardonnay
C) Pinot Grigio
D) Ruby Cabernet

Question 38

MATCHING
Identify the letter of the chart type that best matches the phrase or definition.
a.Scatter
b.Column
c.XY
d.Line
e.Radar
f.Pie
g.Stock
h.Bar
i.Surface
j.Area
Compares three sets of values in a three-dimensional chart

Question 39

MATCHING
Identify the letter of the chart type that best matches the phrase or definition.
a.Scatter
b.Column
c.XY
d.Line
e.Radar
f.Pie
g.Stock
h.Bar
i.Surface
j.Area
Often used to show trends and changes over time

Question 40

MATCHING
Identify the letter of the chart type that best matches the phrase or definition.
a.Scatter
b.Column
c.XY
d.Line
e.Radar
f.Pie
g.Stock
h.Bar
i.Surface
j.Area
Shows patterns or relationship between two or more sets of values. Often used in scientific studies and statistical analyses.

Question 41

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 42

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 43

Which of the following represents the pointer when it is over the chart area?

A)
B)
C)
D)

Question 44

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 45

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 46

Referring to the figure above, the entry 31.5%, shown next to the largest pie slice, is a ____.

A) data label
B) chart key
C) legend
D) series value

Question 47

The columns and pie slices in the charts above are ____.

A) data markers
B) chart areas
C) major tick marks
D) minor tick marks

Question 48

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 49

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 50

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

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

Question 51

Referring to the figure above, the rectangular area to the right of the pie chart is the ____.

A) perspective
B) plot area
C) legend
D) data marker

Question 52

Referring to the figure above, in the column chart, the values along the left side ($200,000, $400,000, $600,000, etc.) are ____.

A) plot markers
B) plot marks
C) data markers
D) axis labels

Question 53

Edward Tufte said that ____ ink is any part of the chart that does not convey information about the data.

A) data
B) non-data
C) information
D) non-information

Question 54

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 55

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 56

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 57

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 58

Referring to the figure above, the chart title for the pie chart is ____.

A) Estimated Production
B) Projected Revenue and Expenses
C) Total Revenue
D) Production

Question 59

____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 60

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 61

The FV function stands for ____.

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

Question 62

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 63

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 64

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 65

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 66

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

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

Question 67

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 68

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 69

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 70

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 71

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 72

In the figure above, fv and type are ____.

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

Question 73

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 74

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

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

Question 75

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

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

Question 76

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 77

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 78

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's boss wants him to compare the values in this chart with several different data sets. Simon should prepare a(n) ____ for his boss.

A) Radar chart
B) Line graph
C) Pie chart
D) XY scatter chart

Question 79

Generally, _____ are given a "washed-out" appearance and are placed behind text or charts on the sheet so that they do not obscure any of the other content on the sheet.

A) charts
B) watermarks
C) graphics
D) pictures

Question 80

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