Question 1.1.(TCO 2) An absolute cell reference:(Points : 2)
causes a potential error.
indicates a cell's specific location and the reference does not change when you copy the formula.
occurs when a formula directly or indirectly refers to the cell containing the formula
contains both an absolute and a relative cell reference.
Question 2.2.(TCO 2) In Excel, a function can be defined as a _____.(Points : 2)
predefined formula that performs a calculation
cell reference or a value
list of values and defined names as you enter data into a spreadsheet
set of rules that govern the structure and components for a formula
Question 3.3.(TCO 2) =$E2-G$4 contains examples of _____ cell references.(Points : 2)
Question 4.4.(TCO 2) Which of the following describes the SUM function?(Points : 2)
Identifies the midpoint value in a set of values.
Calculates the total of values contained in two or more cells.
Calculates the arithmetic mean or average of values in a range.
Displays the lowest value in a range.
Question 5.5.(TCO 2) The MEDIAN function would identify the ____.(Points : 2)
lowest value in a range.
midpoint value in a range.
highest value in a range.
total number of cells in a range.
Question 6.6.(TCO 2) Which of the following best describes the COUNT function?(Points : 2)
Tallies the number of cells in a range that are not empty.
Tallies the number of blank cells in a range.
Displays the current date.
Tallies the number of cells in a range that contain values.
Question 7.7.(TCO 2) The NOW function would perform which of the following?(Points : 2)
Contains another function embedded inside one or more of its arguments.
Evaluates a condition and returns one value if the condition is true and a different value if the condition is false.
Evaluates true or false.
Displays the current date and time.
Question 8.8.(TCO 2) A(n) _____ is tested in an IF function to determine if it is true or false.(Points : 2)
Question 9.9.(TCO 2) Arithmetic operations, cell references, and _____ can be used in Excel formulas.(Points : 2)
Question 10.10.(TCO 2) To simplify entering ranges in formulas, you can use _____.(Points : 2)
a cell's relative location
both an absolute and a relative cell reference
a cell's specific location
Question 11.11.(TCO 2) When calculating a PMT function, the RATE would be described best by which of the following?(Points : 2)
It is the periodic interest rate, such as a monthly interest rate
It is the total number of payment periods.
It is a word or a string of characters that represent one or more cells.
It is the present value of the loan.
Question 12.12.(TCO 7) A _____ helps to ensure consistency and standardization for similar workbooks, such as detailed income statements for all 12 months in a year.(Points : 2)
Question 13.13.(TCO 7) To unlock cells, click the _____ tab, then click Format in the Cells group and select Lock Cell.(Points : 2)
Question 14.14.(TCO 7) Which of the following file formats can store macros?(Points : 2)
Question 15.15.(TCO 7) By default, Excel automatically _____ macros and displays a security warning when a file containing macros is opened.(Points : 2)