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1

Each cell has an address that is made up of its column letter and row number.

False

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True or FAle

2

Excel is a computer program by?

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Microsoft

Adobe, Microsoft, G-Metrix

3

To merge cells and center text, highlight t6he cells you want to merge and from the Home tab, Alignment group, select?

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Merge & Center

Create Single Cell, Merge & Center

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Increase Indent

To move text closer to the cell border, select which icon?

Increase Indent - Decrease Indent

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Beginning Inventory + Purchases – Ending Inventory * Cost of Inventory Item

Cost of Goods Sold Formula

1

The amount of money that a business makes after subtracting the cost of goods Sold

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.Gross Profit

eOQ Cost of Goods Sold Gross Profit

2

Excel allows you to create formulas using Built Ins and

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Your Own Custom formulas

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Column Width

To manually resize the width of a column, right click on the column heading and

select?

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Currency, Comma, Percent

Which formats can be applied to numbers in Excel?

Currency, comma, fraction, percent

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As many as you want

How many worksheets can you add to an Excel spreadsheet?

1

The following 4 items are needed for a VLOOKUP. Which one is missing?

Look Up Value

Table Array

Range Look Up

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Column Index Number

2

What can you use in Excel to make data entry faster and more accurate? It works by telling Excel to look at the value in the cell and then puts information in another cell.

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VLOOKUP

3

Formula for determining how much inventory a business should order is

called?

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Economic Order Quantity

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Cells

Information entered into spaces in Excel are called?

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Ordering Cost

The costs for ordering inventory.

1

In order to create formulas that work, you need to khow the math rules for Order of ?

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Operations

2

When the text is too long to fit into a column, you can use which button?

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Wrap Text

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Business customers can pay with cash, check, credit card and ?

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Invoice System

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The cost of keeping inventory on hand is known as?

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Carrying Costs

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Drop Down List

If you want to make it easier on an Excel user to input a selection into a cell and make a

spreadsheet easier to use and more efficient, use ???

1

Instructions in Excel that tell it how to manipulate data.

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Formula

2

When typing in a formula, use this symbol for multiplication.

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* (asterick)

3

When typing in a formula, the first think you should type in is?

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=

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/ (slash)

The symbol used in an Excel formula for division is?

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When using subtraction in an Excel formula, what symbol do you use?

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- (dash)

1

When typing a formula in Excel, the symbol for exponents is?

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^ (caret)

2

The amount of inventory that a business knows that it will need for the

upcoming year.

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Annual Demand

3

How many steps are how the invoice system works?

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3 steps

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A & B

Which statements are true?

A. Inventory is the merchandise that a business sells to its customers.

B. Inventory can also be the supplies that a company uses to produce items that it sells.

C. Inventory is the LEAST valuable thing that a company owes.

5

How would you type the following math problem in Excel?

7 + 4 X 3

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=7+4*3

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A B and C

In what ways does Excel has the ability to:

A. Organize Information

B. Format Information

C. Calculate Information

2

Which statement about an INVOICE is false?

A. A document that your business uses to bill your customer

B. Lists the goods or services that you sold

C. Processes information about the amount due.

D. Tracks how much inventory you have in stock.

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D

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Parenthesis

When applying the rules for the Order of Oerpations, the first step is to perform

operations within ?

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Multiplication & Division

When applying the rules for the order of operations, the third step is to perform problems involving?

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Word, Excel, Access, PowerPoint

What folders should you have in your I drive?

A few other items to note:Know all 4 steps of the Order of Operations