Software Module 5 and 8 Flashcards

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Questions and Answers

How do you create a worksheet group consisting of sheets that are not adjacent in a workbook?

Select the first sheet tab, hold down the Ctrl key, and then click on the tabs of the other sheets you want to include.

Can a worksheet have only one window?

False (B)

How do you ungroup a worksheet group that consists of all the sheets in the workbook?

Click the sheet tab of any worksheet in the group.

What is the 3-D cell reference to cell C20 in the Monday worksheet?

Monday!C20 Signup and view all the answers

What is the absolute 3-D cell reference to cell C20 in the Monday worksheet?

Monday!$C$20 Signup and view all the answers

What is the 3-D cell reference to cell C20 in the Monday through Friday worksheet group?

Monday:Friday!C20 Signup and view all the answers

Write a formula that uses the MAX function to calculate the maximum value of cell C20 of the Monday through Friday worksheet group.

=MAX(Monday:Friday!C20) Signup and view all the answers

What is the external reference to cell C20 of the Final Report worksheet located in the Annual Statement.xlsx workbook?

'[Annual Report.xlsx]Final Report'!C20 Signup and view all the answers

What is the external reference to cell D10 of the Sunday worksheet located in the Weekly Report.xlsx workbook that is stored in the C:\Documents\Reports folder?

'[C:\Documents\Reports\Weekly Report.xlsx]Sunday'!D10 Signup and view all the answers

When would you paste a copied cell using the Paste Link option?

When you want to paste the reference to the cell and not the cell's value or format. Signup and view all the answers

How do you check the status of a link within the current workbook to determine whether the link's source file is accessible and up-to-date?

On the Data tab, in the Queries & Connections group, click the Edit Link button to open the Edit Links dialog box, and then view the link's status in the Status column. Signup and view all the answers

How does Excel indicate that a cell contains linked text?

True (A) Signup and view all the answers

What does Excel do when a hyperlink is clicked by the user?

It opens an application associated with the type of link. Signup and view all the answers

Why is Report-Date not a valid names range?

It contains a dash in the name. Signup and view all the answers

What happens when you select a defined name in the Name box?

Excel selects the cell or cell range referenced by the defined name. Signup and view all the answers

What is displayed in the title bar for a workbook created from the EmployeeList.xltx template file?

EmployeeList1 Signup and view all the answers

Describe the difference between a variable and a fixed expense.

A variable expense increases with production of an item or service. A fixed expense remains constant regardless of the production or service volume. Signup and view all the answers

When does the break-even point occur?

The break-even point occurs when total revenue matches total expenses. Signup and view all the answers

What is a data table? What is an input cell? What is a result cell?

A data table is a table that shows the outcomes of several what-if analyses. An input cell is a cell in the data table containing a value you're interested in changing to examine its impact in the what-if analysis. A result cell is the result you're interested in viewing based on the changing value of the input cell. Signup and view all the answers

What is a one-variable data table? What is a two-variable data table?

A one-variable data table is a data table with a single column or row of input values and multiple results. A two-variable data table is a data table with two input values and a single result. Signup and view all the answers

How many result cells can you display with a one-variable data table? How many result cells can you display with a two-variable data table?

There is no limit to the number of result cells with a one-variable data table. There is only one result cell for a two-variable data table. Signup and view all the answers

Cell E5 contains the formula =B10. You want to display the text 'Profits' instead of the formula's value. What custom format would you use?

Enter the custom format, 'Profits'. Signup and view all the answers

What is an array formula?

An array formula is a formula that acts upon a value array, returning either a single value or an array of values. Signup and view all the answers

What is the one advantage of scenarios over data tables?

Scenarios enable you to perform what-if analyses using several input values at once. Signup and view all the answers

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Study Notes

Worksheet Management and References

Create a worksheet group of non-adjacent sheets by holding down Ctrl and clicking sheet tabs.
Multiple workbook windows can be opened for a single worksheet.
To ungroup all sheets in a workbook, click on any sheet tab within the group.
3-D cell reference for cell C20 in the "Monday" worksheet is written as Monday!C20.
Absolute 3-D cell reference for cell C20 in "Monday" is expressed as Monday!$C$20.
3-D cell reference for C20 in the "Monday through Friday" group is formatted as Monday:Friday!C20.

Formulas and External References

Use the formula =MAX(Monday:Friday!C20) to find the maximum value of cell C20 across the specified worksheets.
External reference to cell C20 in the "Final Report" worksheet of the "Annual Statement.xlsx" workbook is '[Annual Report.xlsx]Final Report'!C20.
Reference cell D10 in the "Sunday" worksheet from "Weekly Report.xlsx" located in C:\Documents\Reports as '[C:\Documents\Reports\Weekly Report.xlsx]Sunday'!D10.

Pasting and Links

Use the Paste Link option when needing to reference a cell rather than copying its value or format.
Verify link status and accessibility through the Data tab by checking the Edit Links dialog box.
Linked text in a cell appears green and underlined in Excel.
Clicking a hyperlink launches the associated application for that link type.

Naming and Defined Names

"Report-Date" is an invalid named range due to the inclusion of a dash.
Selecting a defined name in the Name box highlights the respective cell or range it refers to.
A workbook created from the "EmployeeList.xltx" template displays "EmployeeList1" in the title bar.

Financial Concepts

Variable expenses fluctuate with production; fixed expenses remain the same regardless of production volume.
The break-even point is reached when total revenue equals total expenses.

Data Tables and Scenarios

A data table presents results from various what-if analyses, with input cells containing values to change during analysis.
One-variable data tables involve a single row or column of input values and multiple results, while two-variable data tables have two inputs and only one result.
There is no limit to the number of result cells in a one-variable data table; a two-variable data table yields one result cell.

Custom Formatting and Array Formulas

To display the text "Profits" in cell E5 containing the formula =B10, use the custom format "Profits".
An array formula processes a set of values, returning either a single value or an array of values.
Scenarios allow for more complex what-if analyses compared to data tables.

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