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Excel Module 04: Analyzing and Charting Financial Data
1. Each slice in a pie chart represents a single value from a data series. ____________
a. True
b. False
2. Excel charts are either placed in their own chart sheets or embedded in a worksheet. ____________
a. True
b. False
3. Every chart contains elements that can be formatted, added to the chart, or removed from the chart. __________
a. True
b. False
4. In pie charts, it’s best to make the slice colors as similar as possible. ___________
a. True
b. False
5. A column chart turned on its side is called a bar chart, with the length of the bar determined by the data value.
___________
a. True
b. False
6. You can move a chart from one worksheet to another, or you can place the chart in its own chart sheet. ____________
a. True
b. False
7. Sparklines differ from data bars in that the sparklines are always placed in the cells containing the value they represent.
___________
a. True
b. False
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Excel Module 04: Analyzing and Charting Financial Data
8. Line charts are best suited for representing data that follows some nonsequential order. ___________
a. True
b. False
9. Interest is the amount of money being loaned. ___________
a. True
b. False
10. The PMT function calculates the payment required in each period to pay back the loan. ___________
a. True
b. False
11. Interest is the amount added to the principal by the lender. _________________________
12. A color bar is a conditional format that adds a horizontal bar to the background of a cell containing a numeric value.
_________________________
13. Pie charts are most effective with ten or fewer slices. _________________________
14. By default, Excel inserts a chart as an embedded chart. _________________________
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Excel Module 04: Analyzing and Charting Financial Data
15. You can quickly change the appearance of the entire chart by selecting a different chart style in the Chart Design
gallery. _________________________
16. When you create sparklines, clicking any cell in the data range selects all of the sparklines in the group.
_________________________
17. The cell with the largest value contains a data marker that extends across the entire width of the cell, and the lengths of
the other bars in the selected range are determined relative to that bar. _________________________
18. In a line chart, the data markers are the points connected by the line. _________________________
19. Combination charts enable you to show three sets of data using the chart type that is best for each data set.
_________________________
20. A ________ contains the actual values that are plotted on the chart.
a. data source
b. data series
c. category values
d. legend
21. Category values are usually located in the ____ of the data source.
a. first row b. first column
c. either a or b d. neither a nor b
22. The ____ is the only one of the following charts to compare relative values from different categories to the whole.
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Excel Module 04: Analyzing and Charting Financial Data
a. pie b. column
c. line d. area
23. To add and remove chart elements, you can use the Add Chart Element button in the Charts Layout group on the ____
tab.
a. CHART TOOLS LAYOUT b. CHART TOOLS DESIGN
c. INSERT d. HOME
24. The ____ CHART TOOLS contextual tabs appear on the Ribbon when you select a chart.
a. INSERT and DESIGN b. DESIGN and FORMAT
c. INSERT and FORMAT d. FORMAT and PRINT
25. The ____ dialog box provides options for moving charts between worksheets and chart sheets.
a. Insert New b. Tab
c. Move Chart d. Change Chart
26. Placing a chart in a ____ displays only the chart and no worksheet cells.
a. new worksheet b. tabbed view
c. graph display d. chart sheet
27. Excel supports all of the following types of sparklines EXCEPT ____.
a. A win/loss sparkline for highlighting positive and negative values
b. A column sparkline used for column charts
c. A line sparkline for highlighting trends
d. a true/false sparkline for help making decisions
28. To resize an embedded chart, ____.
a. select the chart and drag the corner sizing handle of the selection box
b. right click the chart and then click Resize on the shortcut menu
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Excel Module 04: Analyzing and Charting Financial Data
c. select the chart and press Tab
d. both a and b
29. To reposition the legend to the left-hand side of a chart, click the _________ button, point to Legend, click the right
arrow icon, and click Left.
a. Legend b. Chart Elements
c. Formatting d. Layout
30. ____provide descriptive text for the individual data markers, such as pie slices
a. Asset labels b. Legend values
c. Data labels d. Leader lines
31. A pie slice is a data marker that represents ____ from a data series.
a. only one value b. at least one value
c. no more than three values d. no more than five values
32. To move one slice of a pie chart away from the pie creates a(n) ____.
a. spontaneous pie chart b. perfect pie chart
c. exploded pie chart d. exponential pie chart
33. You already created a line chart, but now decide that you want to change this chart to a pie chart. To do this, you click
____ from the Type group in the Chart Tools Design tab.
a. Change Chart Type b. New Chart
c. Alter Existing Chart d. Modify Chart
34. A chart that compares three set of values in a three-dimensional chart is _____.
a. Stock b. Radar
c. Surface d. Scatter
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Excel Module 04: Analyzing and Charting Financial Data
35. Which of the following shows the correct order of steps for adding a data series to a chart?
a. Select the chart, Click the Add button, Click the Select Data button, Select the range
b. Select the chart, Click the Select Data button, Click the Add button, Select the range
c. Select the range, Click the Select Data button, Click the Add button, Select the chart
d. Select the range, Select the chart, Click the Select Data button, Click the Add button
36. Edward Tufte was concerned with what he termed as “chart ____,” in which a proliferation of chart elements—chosen
because they look “nice”—confuse and distract the reader.
a. espionage b. clutter
c. confusion d. junk
37. A chart sheet can contain ____.
a. only one chart b. one or two charts
c. one to four charts d. one to six charts
38. You can choose Center, Inside End, Outside End, or Best Fit for the data label positions in the in the ____ pane.
a. Format Data Labels b. Format Legend
c. Format Chart Area d. Format Axis
39. The range of values or _______, of an axis is based on the values in the data source.
a. scale
b. defined range
c. series
d. length
40. To format an individual sparkline, select the sparkline you want to format, and then click the Ungroup button in the
Group group on the SPARKLINE TOOLS ____ tab.
a. CREATE b. VIEW
c. LAYOUT d. DESIGN
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Excel Module 04: Analyzing and Charting Financial Data
41. When combination charts have data series with vastly different values, you can create ____ charts.
a. dual axis
b. secondary
c. multivalued
d. multiple axis
42. The ____ identifies which data markers are associated with each data series.
a. x-axis b. y-axis
c. chart area d. legend
43. ____ is the amount added to the prinicpal of a loan by the lender.
a. Rate b. Simple
c. Interest d. Maximum
44. The FV function stands for ____.
a. function value b. future value
c. financial value d. formulated value
45. The amount of money being loaned is known as the ____.
a. mortgage b. principal
c. loan amount d. proposed principal
46. In the figure above, nper stands for the ____.
a. total number of payment periods
b. total number of payments that have already been made
c. number of payments per year
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Excel Module 04: Analyzing and Charting Financial Data
d. number of interest payments per year
47. In the figure above, pv stands for the ____.
a. payments verified b. principal value of the loan
c. present value of the loan d. primary interest rate of the loan
48. In the figure above, fv and type are ____.
a. financial functions b. required arguments
c. comparison operators d. optional arguments
49. The possible values for the type argument in the function above are.
a. 0 or null b. 0 or 1
c. 0, 1, or 2 d. 0, 1, 2, or 3
50. The _______ displays the data series in separate columns side-by-side so that you can compare the relative heights of
the columns in the three series.
a. clustered column chart b. stacked column chart
c. 100% stacked column chart d. column chart
Critical-Thinking Case Based Questions
Case 4-1
Simon has just started a job with the police department. His director has given him the last six months of test results from
four local precincts. Simon has organized the results as four data series and needs to display the trends in a graphic format.
51. It’s difficult to read the exact scale on some of Simon’s data. Adding ____ would make it easier to read.
a. a legend b. major tick marks
c. colors d. more numbers
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Excel Module 04: Analyzing and Charting Financial Data
52. Simon has finished his chart but needs to save some space. What’s the most effective way for Andy to reduce space
without losing important data?
a. Delete parts of the data b. Delete the legend
c. Delete the title d. Overlay the legend in areas without data
53. Simon wants to change the chart’s border. To do this, he should select the CHART TOOLS ____ tab.
a. FORMAT b. EDIT
c. DESIGN d. LAYOUT
Case-Based Critical Thinking Questions
Case 4-2
Mya has just surveyed 100 students to get their reaction to a new textbook she is reviewing. She has one data series that
she wants to represent graphically, and she needs to display her data in a way that lets her visually compate the data values
and see how much contributes to the whole.
54. Since it’s important for Mya to keep percentages of her whole reviewer base in mind, she wants to represent data as
parts of a whole. What chart type would you suggest to Mya? _____
a. bar b. column
c. scatter d. pie
55. Since Mya is still reviewing her data, she wants to make sure that her chart reflects any changes she makes in her data
source. She should ____.
a. paste her chart in as a picture
b. do nothing since charts in Excel remain linked to data sources
c. manually adjust data in a chart
56. Mya has decided she needs to move her chart so that it appears below her data source. Before she can move or resize
her chart she must ______.
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Excel Module 04: Analyzing and Charting Financial Data
a. select the chart
b. hold down the SHIFT key
c. adjust the sizing handles
d. move the mouse pointer to the center of the chart.
57. Sometimes Mya might want to see information on only specific slices. Rather than creating a new chart that includes
only those selections, she can _____ an existing chart.
a. search b. filter
c. find d. examine
58. Mya has asked for your advice. A colleague told her to remove the legend from her pie chart because it takes up too
much space. What would be a better piece of advice to give Mya?
a. Resize the legend to be as tiny as possible.
b. Remove data from the legend.
c. Overlay the legend on a part of the chart that’s empty.
d. You agree with the colleague; Mya should remove the legend.
59. Mya needs to call attention to one category above all others. For this purpose, she should use a(n) ____.
a. line chart b. exploded pie chart
c. scatter chart d. banded chart
60. In cases where a label placed outside a pie might appear farther from its slice than is easily readable, a(n)
____________________ might be added to connect the data to its corresponding slices.
61. The range of values, or ___________________, of an axis is based on the values in the data source.
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Excel Module 04: Analyzing and Charting Financial Data
62. You can add ___________________ to identify smaller intervals between the major tick marks.
63. To compare values from several categories with a sequential order, such as dates and times occurring at evenly spaced
intervals, you would use a(n) ____________________ chart.
64. A chart that combines two or more chart types into a single graph is called a(n) ____________________ chart.
65. Since scientific data is often plotting two numeric values against one another, it is oftentimes best to represent this
data type with a(n) ____________________ chart.
66. Each data source is a collection of ____________________, which is a range of values plotted as a single unit on a
chart.
67. A(n) ____________________ chart shows patterns or relationships between two or more sets of values, much like an
XY chart, except the size of the data marker is determined by a third value.
68. A ____________ displays data values as columns with the height of each column based on the data value.
69. ______ are horizontal and vertical lines that help you compare data and category values.
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Excel Module 04: Analyzing and Charting Financial Data
70. Each value from a data series is represented by a ________.
71. The _______ covers the entire background of the chart, whereas the plot area includes only that portion of the chart in
which the data markers, such as the columns in a column chart, have been placed or plotted.
72. An _______ chart takes up less space than a chart sheet.
73. The goal of a ______ is to convey the maximum amount of information within a very small space.
74. Consider the impact of a poorly designed chart. Explain why it is important to have a well-designed chart, and name at
least four tips for creating a good chart.
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Excel Module 04: Analyzing and Charting Financial Data
75. Describe the some of the concepts and definitions associated with loans before using a PMT function.