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PDF Test Bank For Business Analytics 3Rd by Evans Online Ebook Full Chapter
PDF Test Bank For Business Analytics 3Rd by Evans Online Ebook Full Chapter
by Evans
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Chapter 1 Appendix A1 Basic Excel Skills
3) Which of the following is a difference between relative addressing and absolute addressing
when using cell formulas in Excel?
A) A relative address uses a dollar sign before either the row or column label; an absolute
address uses the ampersand symbol before either the row or column label.
B) A relative address uses a dollar sign before either the row or column label; an absolute
address uses just the row and column label in the cell reference.
C) A relative address uses just the row and column label in the cell reference; an absolute
address uses a dollar sign before either the row or column label.
D) A relative address uses only the column label in the cell reference; an absolute address uses
the row.
Answer: C
Diff: 2
Blooms: Remember
Topic: Excel Formulas and Addressing
LO1: Apply relative and absolute addressing in Excel formulas.
Below is the spreadsheet for demand prediction of a company that sells chocolates.
A B C
Demand Prediction
1 Models
2
3 Linear Model
4 A 10,000
5 B 10
6
7 Price Demand
8 $50 9,500
9 $55 9,450
10 $45 9,550
11
4) Given that D = a-bP, where D, is demand, "a" and "b," are linear constants, and P, is price,
from the below spreadsheet, how will the formula in B9 be represented in Excel using relative
addressing?
A) B4-B5*A9
B) C5-C6*A10
C) B4-B5*A10
D) B5-B6*A10
Answer: A
Diff: 2
Blooms: Apply
AACSB: Analytic Skills
Topic: Excel Formulas and Addressing
LO1: Copy formulas from one cell to another or to a range of cells.
5) If a dollar sign is used after the column in B5 (B$5), how will the formula at B8 be
represented in C9 using absolute addressing?
A) C3-B$5*C9
B) C5-C$6*B9
C) C5-C$6*C9
D) C5-C$5*B9
Answer: D
Diff: 2
Blooms: Apply
AACSB: Analytic Skills
Topic: Excel Formulas and Addressing
6) If a dollar sign is used before the column label B4 ($B4), how will the formula at B10 be
represented in C11 using absolute addressing?
A) $B5-C6*B11
B) $C5-C6*A10
C) $B4-C5*B11
D) $A5-C6*B11
Answer: A
Diff: 2
Blooms: Apply
AACSB: Analytic Skills
Topic: Excel Formulas and Addressing
LO1: Apply relative and absolute addressing in Excel formulas.
7) If, in the spreadsheet, cells B9 and B10 were empty, which of the following formulas should
be entered in B8 so that the formula can be dragged to B9 and B10 to obtain their correct values?
A) B4-B5*A8
B) B4-B5*$A8
C) $B4-B5*$A8
D) $B$4-$B$5*$A8
Answer: D
Diff: 2
Blooms: Apply
AACSB: Analytic Skills
Topic: Excel Formulas and Addressing
LO1: Copy formulas from one cell to another or to a range of cells.
9) To copy a formula from a single cell or range of cells down a column or across a row, first
, click and hold the mouse on the small square in the lower right-hand corner of the
cell, and drag the formula to the "target" cells which you wish to copy.
A) press Ctrl-C
B) select the cell or range
C) press Ctrl-Enter
D) select the whole spreadsheet
Answer: B
Diff: 1
Blooms: Remember
AACSB: Analytic Skills
Topic: Excel Formulas and Addressing
LO1: Copy formulas from one cell to another or to a range of cells.
10) Trace the process of copying and pasting a cell, which has a formula in it, such that the
formula is not retained in the pasted cell.
A) Home - Paste - Paste Special - Paste Values
B) Home - Paste - Paste Special - Paste Validation
C) Home - Paste - Paste Special - Paste Formats
D) Home - Paste - Paste Special - Paste Formulas
Answer: A
Diff: 1
Blooms: Remember
Topic: Miscellaneous Excel Functions and Tools
LO1: Copy formulas from one cell to another or to a range of cells.
A B C D E F G H
Purchase
1 Orders
2
Item Item Cost per A/P Terms Order Order
3 Supplier Description Cost Quantity Order (Months) No. Size
Rex Graphics
4 Technologies Card $ 89 35 $3115 20 AL123 Large
Rex
5 Technologies Monitor $150 15 $2250 25 AL234 Small
Rex
6 Technologies Keyboard $ 15 40 $600 15 AL345 Large
Rex
7 Technologies Speakers $ 15 20 $300 25 AL456 Small
Max's
8 Wavetech HD Cables $ 5 10 $50 25 KO876 Small
Max's
9 Wavetech Processor $278 27 $6950 30 KO765 Large
Max's
10 Wavetech Hard disk $120 18 $2160 20 KO654 Small
11
12
11) To find the total order cost, what Excel formula should be used in A12?
A) =COUNT(C4:C10)
B) =COUNT(C4:C7)
C) =MAX(C4:C10)
D) =SUM(E4:E10)
Answer: D
Diff: 2
Blooms: Apply
AACSB: Analytic Skills
Topic: Excel Functions
LO1: Use basic and advanced Excel functions.
12) For which of the following columns can the COUNT function be performed?
A) column G
B) column E
C) column B
D) column A
Answer: B
Diff: 2
Blooms: Apply
AACSB: Analytic Skills
Topic: Excel Functions
LO1: Use basic and advanced Excel functions.
13) To find the average of the total cost of orders from Rex Technologies, what Excel formula
should be used in A12?
A) =AVERAGE(C4:C10)
B) =AVERAGE(C4:C7)
C) =AVERAGE(E4:E7)
D) =AVERAGE(E4:E10)
Answer: C
Diff: 2
Blooms: Apply
AACSB: Analytic Skills
Topic: Excel Functions
LO1: Use basic and advanced Excel functions.
14) The easiest way to locate a particular function is to select a cell and click on the Insert
function button represented by on the Excel ribbon.
A) fx
B) Σ
C) $
D) %
Answer: A
Diff: 1
Blooms: Remember
Topic: Excel Functions
LO1: Find buttons and menus in the Excel 2010 ribbon.
16) The Excel function of is used to find the largest value in a range of cells.
A) SUM(range)
B) COUNT(range)
C) MAX(range)
D) COUNTIF(range, criteria)
Answer: C
Diff: 1
Blooms: Remember
Topic: Excel Functions
LO1: Apply logical functions in Excel formulas.
17) measures the worth of a stream of cash flows, taking into account the time value
of money.
A) Accounting rate of return
B) Net present value
C) Internal rate of return
D) Adjusted present value
Answer: B
Diff: 1
Blooms: Remember
Topic: Excel Functions
LO1: Design simple Excel templates for descriptive analytics.
18) The reflects the opportunity costs of spending funds now versus achieving a return
through another investment, as well as the risks associated with not receiving returns until a later
time.
A) modified internal rate of return
B) payback period
C) accounting rate of return
D) discount rate
Answer: D
Diff: 1
Blooms: Remember
Topic: Excel Functions
LO1: Design simple Excel templates for descriptive analytics.
19) Identify the equation for calculating the net present value for a stated period of time, where
Ft = cash flow in period t, and i is the discount rate.
n
Ft + i
t =0 2
A) NPV =
n
n
t
B) NPV = Ft (1+ i)
t −0
n
Ft
C) NPV = t
t −0 (1+ i)
n
Ft
D) NPV = (1+ i)t
t −0 i
Answer:
C Diff: 1
Blooms: Remember
Topic: Excel Functions
LO1: Design simple Excel templates for descriptive analytics.
20) A positive NPV means that the investment will provide added value because the
projected return exceeds the .
A) modified internal rate of return
B) discount rate
C) accounting rate of
return D) adjusted
present value Answer: B
Diff: 1
Blooms: Remember
Topic: Excel Functions
LO1: Design simple Excel templates for descriptive analytics.
21) Describe the method of calculating the net present value (NPV) in Excel.
Answer: The Excel function NPV (rate, value1, value2,…) calculates the net present value of
an investment by using a discount rate and a series of future payments (negative values) and
income (positive values). Rate is the rate of discount over the length of one period (i), and
value1, value2,… are 1 to 29 arguments representing the payments and income. The values
must be equally spaced in time and are assumed to occur at the end of each period. The NPV
investment begins one period before the date of the value1 cash flow and ends with the last
cash flow in the list. The NPV calculation is based on future cash flows. If the first cash flow
(such as an initial investment or fixed cost) occurs at the beginning of the first period, then it
must be added to the NPV result and not included in the function arguments.
Diff: 1
Blooms: Remember
Topic: Excel Template Design
LO1: Design simple Excel templates for descriptive analytics.
Illustrator: Ed Emshwiller
Language: English
He saw the green expanse of the canal when he was still far away
from it. It was a thin line that broadened as he approached, panting,
getting the best he could from his weary legs with long, floating leaps.
He reached the edge of the cliff. The canal was a hundred feet below
him, too far to jump, even on Mars. He walked a mile southward
along the rim, seeking a downward ledge.
There was no ledge. But Shaan found a roughness of projecting
rocks, where the cliff was not entirely perpendicular. He scrambled
down.
He jumped down the last twenty feet. He landed with a muffled
crunch of broken branches in the canal sage that stretched in
unbroken gray-green expanse from the base of the cliff, as far as the
eye could see.
He got to his feet. The canal sage was uniformly knee-high. It was so
close-packed that the tops formed an apparently solid carpet on the
canal bottom.
He checked his oxygen dial. Only fifteen minutes' supply left. Even if
he were on course, the private dome was at least twenty miles away.
He was in the shadow of the cliff here. The small sun of Mars was low
in the west. Above him, the brightest stars already shone in the dark
blue sky.
The cold of night was beginning to descend. There was frost on the
leaves of the canal sage. He switched his marsuit temperature control
from "cool" to "heat," but left it low. His body temperature would keep
him warm enough as long as he was moving.
Fifteen minutes and then death. Shaan shrugged. He started walking,
straight away from the cliff toward the distant sunlight that still
touched the canal sage to the east.
His passage through the plants left a path behind him, a path that
slowly closed again as though the canal sage moved deliberately to
heal the break.
His only hope in that fifteen minutes was to find a giant canal cactus.
All Martian plants, the botanists had decided, kept their oxygen
supply in their hollow interiors. A full-grown canal cactus was forty
feet tall and twenty feet across. If he could break his way into one, it
was big enough to supply him with both oxygen and water.
But there was no canal cactus in sight, and he could have seen one
miles away above this flat expanse of knee-high sage.
He moved along stubbornly, the canal sage dragging at his feet. He
watched the needle of the oxygen dial sink slowly toward the "empty"
mark.
The needle hit zero. Shaan stopped. He shook the perspiration from
his eyes and looked around him, straining for distance.
No friendly cactus reared anywhere above the gray-green sea of
sage. No flash of sunlight revealed a distant dome. There was only
the frost-rimed expanse of leaves stretching away, the dark cliff rising
behind him and the cold, star-studded sky overhead.
Shaan felt that he was suffocating. Was the residue of oxygen in his
marsuit really depleting that fast, or was it the frantic rebellion of his
mind against inevitable death?
A great anger swept over him, and with it a bitter defiance. He
fumbled at the winged nuts that locked his marshelmet in place. He
loosened them, freed them, and dropped them in his pocket.
With a wrench, he unsealed the helmet and lifted it from his head. He
lifted his naked face to the thin air of Mars.
Dizziness swept over him and, with it, nausea. The stars spun in the
blue-black sky, and went out for him.
He toppled forward, the useless helmet falling from his hands. His
unconscious body crashed through the frosty foliage of the canal
sage to the turf beneath.
Shaan pushed his face through the leaves and stared across a
hundred-foot cleared space at the dome. The canal sage was very
efficient. When the space had been cleared for the dome, the sage
foliage had grown down to the ground level around the bare circle to
prevent the life-giving oxygen under it from dissipating.
The transparent hemisphere glistened dully in the sunlight. It covered
about an acre of ground. Near one side was the small home of a
canal settler. Under the protective dome terrestrial vegetables grew
and terrestrial animals lived.
Long ago Shaan had jettisoned his oxygen cylinders to save weight,
but they would have done him no good had he kept them. His
marshelmet, however, would hold enough air for him to cross the
cleared area to the dome. He pulled it on, under the leaves.
Then he remembered something and took it off again. He smeared
dirt over the brand on his forehead, hoping he was concealing it. He
put the helmet back on.
Getting to his feet, he ran across the clearing and through the open
outer door of the airlock. He shut it behind him and, waiting a few
minutes, took off the helmet. There was air in the airlock.
He had done this without fear or reflection. On a planet like Mars,
only a thin line of oxygen stood between life and death. The outer
door to every airlock on every dome stood open unless the inner door
was opened, and oxygen automatically filled the airlock when the
outer door was closed. It was a custom which could save lives.
The inner airlock door was a different proposition. No one liked to be
caught unawares by visitors. It was locked.
Shaan knew the closing of the outer airlock door had set off an alarm
inside the dome. He waited. He could see the house and the
gardens, a little distorted, through the transparent plastic of the inner
door.
After a few moments, a figure emerged from the house and
approached the airlock. When the figure got closer, it became a
young woman in the shorts and blouse customarily worn inside the
domes. She held a heat-gun in her hand.
"Who is it?" she asked through the communicator.
"I'm Robbo Shaan," he answered. "I'm a government mail pilot. My
plane went down on the desert."
"Why didn't you wait for rescue?"
"Radio went out before I crashed. Helmet radio, too. I'll have to call
for help from here."
"You can wait in the airlock. I'll radio Mars City."
"I'm hungry," he said, "and thirsty."
That was an appeal that could not be ignored.
"I'll let you in," she said after a moment's hesitation. "But I have a
gun."
"I don't," he answered, spreading his hands and turning so she could
see all around his belt.
The inner airlock door opened, and Shaan entered the dome. The
smell of the air brought memories of his boyhood on Earth.
The girl stood away from him, holding the heat-gun on him steadily.
She had brown eyes and red-gold hair that tumbled to her shoulders.
Shaan judged her to be about seventeen years old.
Shaan smiled at her through his blond beard, and she lowered the
muzzle of the gun. He could move now, but they probably were being
watched from the house. And any minute she might discover the
brand on his dirty face.
"Where's your father?" he asked. "Or your husband?"
"Where are your oxygen tanks?" she countered, the gun coming up
again.
"Ran out of oxygen," he replied. "They're in the sage just outside the
dome. I got here just in time. The straps broke on them and I'd been
carrying them in my arms for six hours."
Apparently the answer satisfied her.
"I'm Lori MkDowl," she said. "My father hasn't come in from the mine
yet. Come on up to the house."
Now? No. They probably were still being watched from the house. He
walked across the lawn of Earth grass with her.