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CGS 2518 Final FSU Armstrong Exam Questions with correct Answers
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CGS 2518 Final FSU Armstrong Exam Questions with correct Answers
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CGS 2518 Final FSU Armstrong ExamQuestions with correct Answers
The lookup_value of a HLOOKUP function can be a contiguous cell range - Answers -
FALSE
The result_vector of a LOOKUP function must be sorted in ascending order - Answers -
FALSE
In a VLOOKUP formula with a TRUE lookup type, the first column of the lookup table
referenced must be in ascending order to retrieve the correct value - Answers -TRUE
Reference and Lookup functions may not contain nested functions as arguments -
Answers -FALSE
The Default range_lookup type for the VLOOKUP and HLOOKUP functions is TRUE -
Answers -TRUE
Excel matches the LOOKUP Value "tom with the entry "TOM" in a lookup table -
Answers -TRUE
The Row and Column arguments in the INDEX function can be numeric values, boolem
values, or text - Answers -FALSE
The formula =INDEX(B2:D7,B12:D17,B22:D17)2,3,1) returns the values in cell D3 -
Answers –TRUE
In a two variable data table, what do the first column first row contain - Answers -Input
cells
When should you create a scenario instead of a data table? Give an example of a
business situation that could be analyzed with scenarios - Answers -Involve more than
two input values that can vary;compare three break-even analysis: worst case, likely,
best case
Why are defined names important when you create scenarios? - Answers -Makes
scenario report easier to understand and use
What type of reports can you create for scenarios? Which type shows results only? -
Answers --Scenario summary: Shows values for changing cells and results
-PivotTable: Lists names of each scenario and results
, The formula =AVERAGE(CHOICE(1,B12:D17,B:22,D17)) averages the value 1 with the
vaules in cells B12 to D17 & B22 to D17 - Answers -FALSE
The Formula = MACTH(40,{10,20,40,50},0) returns a values of 3 - Answers -TRUE
What happens when Excel is solving the HLOOKUP formula with a FALSE
range_lookup type and does not find an exact match in the lookup table? - Answers -
#N/A is displayed in the cell
What is the difference between to LOOKUP function and the VLOOKUP or HLOOKUP
function? - Answers -Lookup looks up the greatest value that does not exceed a
specified value anywhere in a table or range. It doesn't have TRUE/FALSE
Which excel function should you use when you want to look up a value from a two-
dimensonal table, where both columns and rows can be varied? - Answers -INDEX
Function
Write a formula to choose the name of the third day or the week from the list starting
with Sunday, Monday, Tuesday..Sunday - Answers -
CHOOSE(3,"Sunday","Monday","Tuesday","Wednesday","Thursday","Friday","Saturday
")
What function returns the relative position of an item from a list? - Answers --MATCH
function
Write a formula in cell C13 in the Pricing worksheet to determine thr total cost of making
copies for this order (275 copies) write the formula so that it works when copied in cells
C14:C15 - Answers -VLOOKUP(B13,$B$3:$C$9,2,TRUE)*B13
Function to calculate the value at the end of a financial transaction - Answers -FV
(Future Function)
Function to calculate the interest percentage per period of a financial transaction -
Answers -RATE
Function to calculate the value at the beginning of a financial transaction - Answers -PV
(Present Value)
Function to calculate the number of compounding periods in a financial transaction -
Answers -NPER (Number of Periods)
Function to calculate periodic payments into or out of a financial transaction - Answers -
PMT
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