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Which function would you use to calculate the present value of an investment?
A. PV()
B. FV()
C. IRR()
D. NPV()
Answer: PV()
What does the ISERROR function do?
A. Returns TRUE if a value is any error value (such as #N/A, #VALUE!)
B. Finds the maximum value in a range
C. Counts the number of cells in a range
D. Calculates the sum of a range of values
Answer: Returns TRUE if a value is any error value (such as #N/A, #VALUE!)
How can you quickly add a total row to a table?
A. Use the Table Tools Design tab and check the Total Row option
B. Use the Insert function in the Home tab
C. Use the Conditional Formatting tool
D. Use the Data Validation tool
Answer: Use the Table Tools Design tab and check the Total Row option
How can you create a custom number format in Excel?
A. Use the Format Cells dialog box and select the Custom category
B. Use the Data Validation tool
C. Use the Conditional Formatting tool
D. Use the Cell Styles feature
Answer: Use the Format Cells dialog box and select the Custom category
What does the TRANSPOSE function do?
A. Converts a vertical range of cells to a horizontal range, and vice versa
B. Finds the maximum value in a range
C. Calculates the payment for a loan
D. Counts the number of cells in a range
Answer: Converts a vertical range of cells to a horizontal range, and vice versa
What is the purpose of the ‘Data Validation’ tool in Excel?
A. To control the type of data entered into a cell
B. To format data within a range
C. To create charts and graphs
D. To sort and filter data
Answer: To control the type of data entered into a cell
How can you display only unique values in a column?
A. Use the Remove Duplicates feature in the Data tab
B. Use the Conditional Formatting tool
C. Use the Data Validation feature
D. Use the Sort & Filter feature
Answer: Use the Remove Duplicates feature in the Data tab
What is the purpose of the ‘Scenario Manager’ tool in Excel?
A. To create and compare different scenarios based on varying input values
B. To format data within a range
C. To sort and filter data
D. To create a chart from a data range
Answer: To create and compare different scenarios based on varying input values
What does the CONCATENATE function do?
A. Joins two or more text strings into one text string
B. Finds the maximum value in a range
C. Calculates the payment for a loan
D. Counts the number of cells in a range
Answer: Joins two or more text strings into one text string