microsoft 77-888 online test

Question 1

You work as an Office Assistant for Blue Well Inc. The company has a Windows-based network. You want to get the trend of
the Business data range. For this purpose, you want to use trendlines in the chart. Which of the following steps will you take
to apply the trendlines in the chart? Each correct answer represents a part of the solution. Choose all that apply.

• A. Clear the check box of any Trendline fields to disconnect a slicer.
• B. Select the type that you want from Trendline options.
• C. Click the Insert Trendline arrow, and then click Trendline Connections on the Options tab in the Sort & Filter group.
• D. Select a chart and then navigate to the Chart Tools Layout tab.

Answer:

B D

Question 2

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 periodicinterest.
2. ACCRINTM function: It is used to return the accrued interest for a security that pays interest atmaturity.
3. AMORDEGRC function: It is used to return the depreciation for each accounting period by usinga depreciation coefficient.
4. COUPDAYBS function: It is used to return the number of days from the beginning of the couponperiod 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 containingthe settlement date.
7. COUPDAYSNC function: It is used to return the number of days from the settlement date to thenext 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 settlementdate 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 twoperiods.
13. DB function: It is used to return the depreciation of an asset for a specified period by using thefixed-declining balance
method.
14. DDB function: It is used to return the depreciation of an asset for a particular period by usingthe 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 adollar 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 numberinto a dollar price that is
expressed as a fraction.
18. DURATION function: It is used to return the annual duration of a security with periodic interestpayments.
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 afterapplying 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 aninvestment.
26. MDURATION function: It is used to return the Macauley modified duration for a security withan assumed par value of
$100.
27. MIRR function: It is used to return the internal rate of return in which positive and negativecash 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 aseries 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 anodd 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 anodd 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 aparticular defined period.
37. PRICE function: It is used to return the price per $100 face value of a security that paysperiodic interest.
38. PRICEDISC function: It is used to return the price per $100 face value of a discountedsecurity.
39. PRICEMAT function: It is used to return the price per $100 face value of a security that paysinterest 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 investedsecurity.
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 periodby 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 isnot necessarily periodic.
50. XNPV function: It is used to return the net present value for a schedule of cash flows that isnot 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 atmaturity.

Question 3

You work as an Office Assistant for Tech Perfect Inc. You are working in a spreadsheet. You are facing a problem that when
you type in a function and press Enter, the cell shows the function as you typed it, instead of returning the function's value as
shown below:
Which of the following is the reason that is causing the above problem?

• A. You are inserting a new column, next to a column that is already formatted as text.
• B. Excel is trying to reference an invalid cell.
• C. You are inserting a new column, next to a column containing Dates or Times.
• D. The lookup_value or the array you are searching resides in a cell containing unseen spaces at the start or end of that cell.

Answer:

A

Explanation:
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. Answer option D is incorrect. 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 B 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 C is incorrect. The Cell Shows a Date or Time Instead of a
Number error occurs because the cell that contains the formula is formatted as a 'date' or 'time' instead of a 'General' type or
a number. This situation arises because a user has inserted a new column, next to a column containing Dates or Times, the
new column has 'inherited' the formatting of the adjacent column.

Question 4

Which of the following can be defined as easy-to-use filtering components containing a set of buttons that enable users to
quickly filter data in a PivotTable report, without opening drop-down lists to find the items to filter?

• A. Accounting templates
• B. ActiveX controls
• C. Form controls
• D. Slicers

Answer:

D

Explanation:
Slicers are defined as easy-to-use filtering components containing a set of buttons that enable users to quickly filter data in a
PivotTable report, without opening drop-down lists to find the items to filter.
When a user uses a regular PivotTable report filter to filter on multiple items, the filter indicates only that multiple items are
filtered and the user has to open a drop-down list to find the filtering details. However, a slicer clearly labels the filter that is
applied and provides details so that the data displayed in the filtered PivotTable report can be easily understood.
Answer option B is incorrect. ActiveX controls are used on worksheet forms, with or without the use of VBA code, and on
VBA UserForms.
They are used when a user needs more flexible design requirements than those provided by Form controls. They have
extensive properties that can be used to customize their appearance, behavior, fonts, and other characteristics. The user
can control different events that occur when an ActiveX control is interacted with. He can also write macros that respond to
events associated with the ActiveX controls. When a user interacts with the control, the VBA code runs to process any
events that occur for that control. The ActiveX controls cannot be added to chart sheets from the user interface or to XLM
macro sheets. It is not possible to assign a macro to run directly from the ActiveX control.
Answer option C is incorrect. A form control is an original control that is compatible with old versions of Excel, beginning with
Excel version 5. 0. It is designed for use on XLM macro sheets. It can be used when a user wants to simply interact with cell
data without using VBA code and when he wants to add controls to chart sheets. By using form controls, the user can run
macros. He can attach an existing macro to a control, or write or record a new macro. These controls cannot be added to
UserForms, used to control events, or modified to run Web scripts on Web pages.
Answer option A is incorrect. The accounting template is used for numbering months of a financial year to period numbering.
It is used to compare month to month, actual v budget, quarter to quarter, year to year variances. It is the initial point for
other reports that need the use of months.

Question 5

You work as an Office Manager for Blue Well Inc. The company has a Windows-based network. You have two budget
situations in which one is the worst case and the other is the best case. You want to create both situations on the same
worksheet and then switch between them with the change in requirements. Which of the following will you use to accomplish
the task?

• A. Goal Seek
• B. Data table
• C. Scenario
• D. Solver add-in

Answer:

C

Explanation:
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 D 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. Answer option B is incorrect. 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.

Question 6

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 usingpaste > special > values
sequence.
4. Delete the column having the TRIM function.
Answer option A is incorrect. This is an invalid answer option.

Question 7

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 at the step of adding the following lines of code to the procedure:
"Private Sub Workbook_Open() MsgBox Time Worksheets("Sheet2").Range("A2").Value = Time End Sub"
Which of the following are the next steps that you will take to accomplish the task? Each correct answer represents a part of
the solution. Choose all that apply.

• A. Under Macro Settings in the Macro Settings category, click Enable all macros, and then click OK.
• B. Switch to Excel and save the workbook with the .xslm extension as a macro-enabled workbook and close it.
• C. Reopen the workbook.
• D. Click OK in the message box.

Answer:

B C D

Question 8

DRAG DROP
You work as a Help Desk Technician for Net Perfect Inc. You use Excel 2010 to create different reports for your company.
Drag and drop the appropriate methods for efficient data entry in front of their descriptions.
Select and Place:

Answer:

Explanation:
Excel provides multiple methods for fast data entry into a worksheet. These data entry techniques help users to quickly enter
data wherever required. The following methods help users in speedingup their data entry work:
AutoFill: The AutoFill feature recognizes the series a user wants to enter and fills the series when the fill handle is dragged.
FillSeries: In FillSeries method, a user enters the first two values in a series and then by selecting both the cells and
dragging the selected cells through the fill handle, extends the series. AutoComplete: The AutoComplete feature provides
users a facility to enter few words in a cell. If this entry matches with any of the entries done before in other cells, it suggests
users for the same. The user can press the Enter key to get the same entry in the cell. Pick from Drop-down List: The Pick
from Drop-down List option displays the unique entries from the column of a cell. A user can choose an entry from the list to
quickly fill the entry.

Ctrl + Enter: Ctrl + Enter key combination is used to quickly fill a range of cells with the same entry. For this, select a range of
cells to contain the same data, type the data in the active cell, and press Ctrl + Enter keys.

Question 9

Rick works as an Office Assistant for Tech Perfect Inc. He is creating a report through Microsoft Excel 2010. Rick wants to
trace the project with the actual requirements. For this purpose, he is required to compare month to month, actual v budget,
quarter to quarter, year to year variances. Which of the following will Rick use to accomplish the task?

• A. Evaluate Formula
• B. Accounting template
• C. Form control
• D. Trust Center

Answer:

B

Explanation:
The accounting template is used for numbering months of a financial year to period numbering. It is used to compare month
to month, actual v budget, quarter to quarter, year to year variances. It is the initial point for other reports that need the use of
months.
Answer option C is incorrect. A form control is an original control that is compatible with old versions of Excel, beginning with
Excel version 5. 0. It is designed for use on XLM macro sheets. It can be used when a user wants to simply interact with cell
data without using VBA code and when he wants to add controls to chart sheets. By using form controls, the user can run
macros. He can attach anexisting macro to a control, or write or record a new macro. These controls cannot be added to
User Forms, used to control events, or modified to run Web scripts on Web pages.
Answer option A is incorrect. Evaluate Formula is the formula examination tool provided by Microsoft Excel. This tool is
useful for examining formulas that do not produce any error but are not generating the expected result.
Answer option D is incorrect. Trust Center is where a user can find security and privacy settings For Microsoft Office 2010
programs.

Question 10

You work as an Office Assistant for Blue Well Inc. The company has a Windows-based network. You want to quickly filter
data in a PivotTable report without opening drop-down lists to find the items that you want to filter. For this purpose, you are
required to use a slicer. Which of the following are the ways that you can use to accomplish the task? Each correct answer
represents a complete solution. Choose all that apply.

• A. Create a copy of a slicer connected with the PivotTable.
• B. Create a slicer connected with the PivotTable.
• C. Create a slicer by disabling Macros associated with the PivotTable.
• D. Use an existing slicer connected with another PivotTable.

Answer:

A B D

Explanation:
The various ways to use or create slicers to filter PivotTable data in an existing PivotTable are as follows:
1. Create a slicer connected with the PivotTable.
2. Create a copy of a slicer connected with the PivotTable.
3. Use an existing slicer connected with another PivotTable.
Answer option C is incorrect. This is an invalid answer option.