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Q21. You work as an Office Assistant for Blue well Inc. The company has a Windows-based network. You are creating a hot spot on a graphic that other users can click to run a macro. Which of the following steps will you take to accomplish the task?
Each correct answer represents a part of the solution. Choose all that apply.
A. To assign an existing macro to the graphic object, double-click the macro or enter its name in The Macro name box.
B. Click the arrow next to Shape Outline, and then click No Outline. C. Right-click the created hot spot, and then click Assign Macro.
C. To create a hot spot on the existing object, on the Insert tab, in the Illustrations group, Click Shapes, select the shape that you want to use, and then draw that shape on the existing object.
D. Click the name of the macro in the Macro name box, click Edit, and then click OK to edit an existing macro.
E. Click the arrow next to Shape Fill, and then click No Fill on the Format tab.
F. Click Record, type a name for the macro in the Record Macro dialog box, and then click OK to start the recording of the macro.
G. Select the hot spot in the worksheet to display Drawing Tools for adding the Format tab.
H. Click Slicer, type a name for the macro in the Slicer Macro dialog box, and then click OK to start the recording of the macro.
Answer: A,B,C,D,E,F,G,H
Q22. You work as an Office Assistant for Media Perfect Inc. You have created a report in Excel. You have inserted the following formula in a cell:
VLOOKUP(12, A2:C10, 3, FALSE )
Which of the following actions will be performed by the formula?
A. Search for the value 12 in the first column of the range, and then returns the value that is contained in the third column of the range and on the same row as the lookup value.
B. Wrong syntax used.
C. Search the value 3 in the last column of the range, and then returns the value that is in the column of the range and on the same row as the lookup value.
D. Search the value 12 in the third column of the range and then returns the value that is contained in the 12th column of the range and on the same column as the lookup value.
Answer: A
Explanation:
The formula will search for the value 12 in the first column of the range, and then returns the value that is contained in the third column of the range and on the same row as the lookup value.
Q23. You work as an Office Assistant for Blue Well Inc. The company has a Windows-based network. You have changed some data in the worksheet of the company. You are submitting the sell workbook of the company to the Administrator of the company for comments. Now, you want to merge input that you receive into a copy of that workbook, including the changes and comments that you want to keep. For this purpose, it is required to access and use the stored change history. Which of the following will you use to accomplish the task?
A. Slicer-enabled highlighting
B. Onscreen highlighting
C. Reviewing of changes
D. History tracking
Answer: C
Explanation:
The following ways are provided by Excel to access and use the stored change history:
1.
Onscreen highlighting: It is used when a workbook does not contain many changes and a user wants to see all changes at a glance.
2.
History tracking: It is used when a workbook has many changes and a user wants to investigate what occurred in a series of changes.
3.
Reviewing of changes: It is used when a user is evaluating comments from other users. Answer option A is incorrect. This is an invalid answer option.
Q24. You work as a Sales Manager for Maini Industries. Your company manufactures and sells construction equipment. You have to create a report that will show the highest selling items of each month. The report will be in the following format:
In a workbook, you create a table named Item_table as shown below:
You fill in the required entries in the workbook.
For the third column of the sheet, you want to use formulas to fill in the values. You want the cells in the third column to get automatically filled with the names corresponding to ItemID in the second column. You want the exact values to be filled in the column. You select the C2 cell in the third column.
Which of the following formulas will you enter in order to accomplish the task?
A. =VLOOKUP(B2,Item_table,2,FALSE)
B. =VLOOKUP(B2,Item_table,2,TRUE)
C. =VLOOKUP(2,Item_table,B2,FALSE)
D. =VLOOKUP(2,Item_table,B2,TRUE)
Answer: A
Explanation:
In order to accomplish the task, you will use the following formula:
=VLOOKUP(B2,Item_table,2,FALSE)
Answer option B is incorrect. According to the question, you want the exact values in the column.
The TRUE value in the range_lookup argument provides the approximate match.
Answer options C and D are incorrect. The VLOOKUP functions used in the formulas have wrong syntaxes.
Q25. You work as an Office Assistant for Tech Perfect Inc. You are working in a spreadsheet. You observe that while trying to look up or match a lookup_value within an array, Excel is not able to recognize the matching value. Which of the following are the reasons that are causing the above problem?
Each correct answer represents a complete solution. Choose all that apply.
A. The lookup_value or the array you are searching resides in a cell containing unseen spaces at the start or end of that cell.
B. The contents of the cells that are being compared may have different data types.
C. Excel is trying to reference an invalid cell.
D. You are inserting a new column, next to a column that is already formatted as text.
Answer: A,B
Explanation:
The Failure to Look Up Values in Excel error occurs when a user gets an unexpected error while trying to look up or match a lookup_value within an array and Excel is not able to recognize the matching value. If the lookup_value or the array the user is searching resides in a cell, the user can have unseen spaces at the start or end of that cell. This will create the situation where the contents of the two cells that the user is comparing look the same but extra spaces in one of the cells cause the cells to have slightly different content. The other reason is that the contents of the cells that are being compared may have different data types. Answer option C is incorrect. The Lookup Function Won't Copy Down to Other Rows error occurs when a user uses a function in one cell and it works perfectly but when he attempts to copy the function down to other rows, he gets the #REF error. The #REF! error arises when Excel tries to reference an invalid cell. This error occurs if the user has referenced an entire worksheet by clicking on the grey square at the top left of the worksheet. For Excel, this reference range is 1 to 1048576. Since the references are Relative References, Excel automatically increases the row references when this cell is copied down to other rows in the spreadsheet. Answer option D is incorrect. The Excel Won't Calculate My Function error occurs when a user types in a function and presses Enter, the cell shows the function as the user typed it, instead of returning the function's value. The reason that causes this problem is that the cells containing the formula are formatted as 'text' instead of the 'General' type. This happens when the user inserts a new column, next to a column that is already formatted as text due to which the new column inherits the formatting of the adjacent column.
Q26. You work as an Office Assistant for Media Perfect Inc. You have created a spreadsheet in Excel 2013 and shared it with the other employees of the company. You select the Encrypt with Password option as a protection measure for the document you are sharing. Now, you have to specify a password in the Password box in the Encrypt Document dialog box appeared for editing the document. But you have forgotten the password. What will happen in this situation?
A. You will use a new password.
B. You will ask Microsoft to retrieve the password.
C. You will fetch the password from the list in which you have saved it.
D. You will create a new document.
Answer: C
Explanation:
The various Protect Workbook options are as follows:
1. Mark as Final: This option is used to make the document read-only. When a spreadsheet is marked as final, various options such as typing, editing commands, and proofing marks are disabled or turned off and the spreadsheet becomes read-only. This command helps a user to communicate that he is sharing a completed version of a spreadsheet. This command also prevents reviewers or readers from making inadvertent modifications to the spreadsheet.
2. Encrypt with Password: When a user selects the Encrypt with Password option, the Encrypt Document dialog box appears. In the Password box, it is required to specify a password. Microsoft is not able to retrieve lost or forgotten passwords, so it is necessary for a user to keep a list of passwords and corresponding file names in a safe place.
3. Protect Current Sheet: This option is used to select password protection and permit or prohibit other users to select, format, insert, delete, sort, or edit areas of the spreadsheet. This option protects the worksheet and locked cells.
4. Protect Workbook Structure: This option is used to select password protection and select options to prevent users from changing, moving, and deleting important data. This feature enables a user to protect the structure of the worksheet.
5. Restrict Permission by People: This option works on the basis of Window Rights Management to restrict permissions. A user is required to use a Windows Live ID or a Microsoft Windows account to restrict permissions. These permissions can be applied via a template that is used by the organization in which the user is working. These permissions can also be added by clicking Restrict Access.
6. Add a Digital Signature: This option is used to add a visible or invisible digital signature. It authenticates digital information such as documents, e-mail messages, and macros by using computer cryptography. These signatures are created by specifying a signature or by using an image of a signature for establishing authenticity, integrity, and non-repudiation.
C:\Documents and Settings\Administrator\Desktop\1.JPG Answer option D is incorrect. You can create a new document with the same details but it will increase the overhead and is a very time consuming process. Answer option D is incorrect. You can create a new document with the same details but it will increase the overhead and is a very time consuming process.
Q27. You work as a Finance Manager for Blue Well Inc. The company has a Windows-based network. You are using Excel spreadsheet for maintaining the financial budget and other financial calculations. You want to return the price per $100 face value of a security that pays interest at maturity. Which of the following financial functions will you use to accomplish the task?
A. PRICE function
B. PPMT function
C. PRICEMAT function
D. PRICEDISC function
Answer: C
Explanation:
Various financial functions (reference) are as follows:
1. ACCRINT function: It is used to return the accrued interest for a security that pays periodic interest.
2. ACCRINTM function: It is used to return the accrued interest for a security that pays interest at maturity.
3. AMORDEGRC function: It is used to return the depreciation for each accounting period by using a depreciation coefficient.
4. COUPDAYBS function: It is used to return the number of days from the beginning of the coupon period to the settlement date.
5. AMORLINC function: It is used to return the depreciation for each accounting period.
6. COUPDAYS function: It is used to return the number of days in the coupon period containing the settlement date.
7. COUPDAYSNC function: It is used to return the number of days from the settlement date to the next coupon date.
8. COUPNCD function: It is used to return the next coupon date after the settlement date.
9. COUPNUM function: It is used to return the number of coupons payable between the settlement date and maturity date.
10. COUPPCD function: It is used to return the previous coupon date before the settlement date.
11. CUMIPMT function: It is used to return the cumulative interest paid between two periods.
12. CUMPRINC function: It is used to return the cumulative principal paid on a loan between two periods.
13. DB function: It is used to return the depreciation of an asset for a specified period by using the fixed-declining balance method.
14. DDB function: It is used to return the depreciation of an asset for a particular period by using the double-declining balance method.
15. DISC function: It is used to return the discount rate for a security.
16. DOLLARDE function: It is used to convert a dollar price that is expressed as a fraction into a dollar price that is expressed as a decimal number.
17. DOLLARFR function: It is used to convert a dollar price that is expressed as a decimal number intoa dollar price that is expressed as a fraction.
18. DURATION function: It is used to return the annual duration of a security with periodic interest payments.
19. EFFECT function: It is used to return the effective annual interest rate.
20. FV function: It is used to return the future value of an investment.
21. FVSCHEDULE function: It is used to return the future value of a starting principal after applying a series of compound interest rates.
22. INTRATE function: It is used to return the interest rate for a fully invested security.
23. IPMT function: It is used to return the interest payment for an investment for a specified period.
24. IRR function: It is used to return the internal rate of return for a series of cash flows.
25. ISPMT function: It is used to calculate the interest paid during a particular period of an investment.
26. MDURATION function: It is used to return the Macauley modified duration for a security with an assumed par value of $100.
27. MIRR function: It is used to return the internal rate of return in which positive and negative cash flows are financed at different rates.
28. NOMINAL function: It is used to return the annual nominal interest rate.
29. NPER function: It is used to return the number of periods for an investment.
30. NPV function: It is used to return the net present value of an investment on the basis of a series of periodic cash flows and a discount rate.
31. ODDFPRICE function: It is used to return the price per $100 face value of a security with an odd first period.
32. ODDFYIELD function: It is used to return the yield of a security with an odd first period.
33. ODDLPRICE function: It is used to return the price per $100 face value of a security with an odd last period.
34. ODDLYIELD function: It is used to return the yield of a security with an odd last period.
35. PMT function: It is used to return the periodic payment for an annuity.
36. PPMT function: It is used to return the payment on the principal for an investment for a particular defined period.
37. PRICE function: It is used to return the price per $100 face value of a security that pays periodic interest.
38. PRICEDISC function: It is used to return the price per $100 face value of a discounted security.
39. PRICEMAT function: It is used to return the price per $100 face value of a security that pays interest at maturity.
40. PV function: It is used to return the current value of an investment.
41. RATE function: It is use d to return the interest rate per period of an annuity.
42. RECEIVED function: It is used to return the amount received at maturity for a fully invested security.
43. SLN function: It is used to return the straight-line depreciation of an asset for one period.
44. SYD function: It is used to return the sum-of-years' digits depreciation of an asset for a particular period.
45. TBILLEQ function: It is used to return the bond-equivalent yield for a Treasury bill.
46. TBILLPRICE function: It is used to return the price per $100 face value for a Treasury bill.
47. TBILLYIELD function: It is used to return the yield for a Treasury bill.
48. VDB function: It is used to return the depreciation of an asset for a specified or partial period by using a declining balance method.
49. XIRR function: It is used to return the internal rate of return for a schedule of cash flows that is not necessarily periodic.
50. XNPV function: It is used to return the net present value for a schedule of cash flows that is not necessarily periodic.
51. YIELD function: It is used to return the yield on a security that pays periodic interest.
52. YIELDDISC function: It is used to return the annual yield for a discounted security.
53. YIELDMAT function: It is used to return the annual yield of a security that pays interest at maturity.
Q28. OTSPOT
You work as an Office Assistant for Blue well Inc. The company has a Windows-based network. You want to create a VBA procedure for the open event of a workbook. You are required to set the security level temporarily for enabling all macros. Mark the option that you will choose first to accomplish the task.
Answer:
Q29. You work as an Office Assistant for Tech Perfect Inc. You are working in the spreadsheet of the company's high selling products. You want to find out the matching values. You get an unexpected error that when you attempt to look up or match a lookup_value within an array, Excel is not able to recognize the matching value. Which of the following steps will you take to resolve the problem? Each correct answer represents a part of the solution. Choose all that apply.
A. Remove the unseen spaces at the start or end of the first Macro cell.
B. Delete the column having the TRIM function.
C. Copy the contents of the new column and paste them on the top of the original column by using paste > special > values sequence.
D. Create a new column subsequent to the one with the additional spaces in it.
E. Use the TRIM function in the new column.
Answer: B,C,D,E
Explanation:
In this situation, you will take the following steps:
1. Create a new column subsequent to the one with the additional spaces in it.
2. Use the TRIM function in the new column to get rid of extra spaces.
3. Copy the contents of the new column and paste them on the top of the original column by using paste > special > values sequence.
4. Delete the column having the TRIM function. Answer option A is incorrect. This is an invalid answer option.
Q30. You work as an Office Manager for Blue Well Inc. The company has a Windows-based network. You have a formula that uses one or two variables or multiple formulas that all use one common variable. You want to examine a range of possibilities at a glance. Which of the following will you use to accomplish the task?
A. Goal Seek
B. Solver add-in
C. Data table
D. Scenario
Answer: C
Explanation:
A data table is used to see all the outcomes in one place. It is defined as a type of what-if analysis tools. It is used if a user has a formula that uses one or two variables or multiple formulas that all use one common variable. It is used to examine a range of possibilities at a glance and since the user focuses on only one or two variables, results are easy to read and share in tabular form. If automatic recalculation is enabled, it is possible to recalculate the data in data tables immediately and as a result, the user always gets fresh data. Answer option D is incorrect. A scenario is defined as a type of what-if analysis tools. It is a set of values saved by Excel and can be substituted automatically in cells on a worksheet. A user can create and save different groups of values on a worksheet and then switch to any of these new scenarios to view different results. Scenario reports are not automatically recalculated. If the user changes the values of a scenario, those changes will not be displayed in an existing summary report and he must create a new summary report to show the reflection of the changed report. Answer option A is incorrect. Goal Seek is defined as a type of what-if analysis tools. It is used if a user knows the result that he wants from a formula, but he is not sure what input value the formula needs to get that result. It works with only one variable input value. Answer option B is incorrect. The Solver add-in is used if a user knows the result that he wants from a formula, but he is not sure what input value the formula needs to get that result. It is used for more than one input value. It works with a group of cells related to the formula in the objective cell.