Microsoft 77-427 Online Practice Questions and Exam Preparation

Microsoft 77-427 Online Questions & Answers

• Question 31:

  Rick works as an Office Assistant for Tech Perfect Inc. He is creating a report through Microsoft Excel 2013. 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
  B. Accounting template

  ---

  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 2013 programs.

• Question 32:

  Rick works as an Office Assistant for Tech Perfect Inc. The company has a Windows- based network.

  Rick is creating a project through Microsoft Excel 2013. The project on which he is working has 98 project tasks and 57 team members. Rick wants to check the progress of his project quickly and easily. Which of the following will Rick use to accomplish the task?

  A. Gantt Chart Template
  B. Form control
  C. Trust Center
  D. Accounting template
  A. Gantt Chart Template

  ---

  The Gantt Chart Template Deluxe Edition for Excel is used to generate quick and easy Gantt charts that define the progress of a user's projects containing up to 100 project tasks and team members. Answer option B 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 D 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. Answer option C is incorrect. Trust Center is where a user can find security and privacy settings for Microsoft Office 2013 programs.

• Question 33:

  You work as a Sales Manager for Rainbow Inc. You are working on a report in a worksheet in Excel 2013. You want to insert flow-chart in the sheet. Mark the option that you will choose to insert flow- chart symbols in the report. Explanation: In order to accomplish the task, you will have to choose the Shapes option. Shapes are simple objects provided by Microsoft Office to add them to a document. A single shape or combined multiple shapes can be inserted in the document. The Office includes simple shapes, such as lines, basic geometric shapes, arrows, equation shapes, flowchart shapes, stars, banners, and callouts. Users can add text, bullets, numbering, and Quick Styles to these shapes after inserting

  them in the document. Take the following steps to add a shape in a document:

  Hot Area:

  

  

• Question 34:

  You work as an Office Assistant for Media Perfect Inc. You have created a spreadsheet in Excel 2013 and shared it with the other employees of the company. You want to protect the worksheet and locked cells by permitting or prohibiting other employees to select, format, insert, delete, sort, or edit areas of the spreadsheet. Which of the following options will you use to accomplish the task?

  A. Mark as Final
  B. Encrypt with Password
  C. Protect Current Sheet
  D. Protect Workbook Structure
  C. Protect Current Sheet

  ---

  The various Protect Workbook options are as follows:

  1.

  Mark as Final: This option is used to make the document read-only. When a spreadsheet is marked as final, various options such as typing, editing commands, and proofing marks are disabled or turned off and the spreadsheet becomes

  read-only. This command helps a user to communicate that he is sharing a completed version of a spreadsheet. This command also prevents reviewers or readers from making inadvertent modifications to the spreadsheet.

  2.

  Encrypt with Password: When a user selects the Encrypt with Password option, the Encrypt Document dialog box appears. In the Password box, it is required to specify a password. Microsoft is not able to retrieve lost or forgotten

  passwords, so it is necessary for a user to keep a list of passwords and corresponding file names in a safe place.

  3.

  Protect Current Sheet: This option is used to select password protection and permit or prohibit other users to select, format, insert, delete, sort, or edit areas of the spreadsheet. This option

  protects the worksheet and locked cells.

  4.

  Protect Workbook Structure: This option is used to select password protection and select options to prevent users from changing, moving, and deleting important data. This feature enables a user to protect the structure of the worksheet.

  5.

  Restrict Permission by People: This option works on the basis of Window Rights Management to restrict permissions. A user is required to use a Windows Live ID or a Microsoft Windows account to restrict permissions. These permissions

  can be applied via a template that is used by the organization in which the user is working. These permissions can also be added by clicking Restrict Access.

  6.

  Add a Digital Signature: This option is used to add a visible or invisible digital signature.

  It authenticates digital information such as documents, e-mail messages, and macros by using computer cryptography. These signatures are created by specifying a signature or by using an image of a signature for establishing authenticity,

  integrity, and non-repudiation.

  

• Question 35:

  You work as an Office Assistant for Tech Tree Inc. You have created a report in a workbook in Microsoft Excel 2013. You have a number of PivotTables in a single report. You want to apply the same filter to all of those PivotTables. For this purpose, you are required to create a slicer in one PivotTable and share it with other PivotTables. Which of the following steps will you take to accomplish the task?

  Each correct answer represents a part of the solution. Choose all that apply.

  A. In the Insert Slicers dialog box, select the check box of the PivotTable fields for which you want to create a slicer.
  B. Click Insert Slicer in the Sort and Filter group on the Options tab.
  C. Hold down CTRL, and then click the items on which you want to filter.
  D. Select the Macro enabled checkbox of the PivotTable fields for which you want to create a slicer in the Insert Security dialog box and then click OK.
  E. Click anywhere in the PivotTable report for which you want to create a slicer.
  A. In the Insert Slicers dialog box, select the check box of the PivotTable fields for which you want to create a slicer.
  B. Click Insert Slicer in the Sort and Filter group on the Options tab.
  C. Hold down CTRL, and then click the items on which you want to filter.
  E. Click anywhere in the PivotTable report for which you want to create a slicer.

• Question 36:

  You work as an Office Assistant for Tech Tree Inc. You have created a report in a workbook in Microsoft Excel 2013. You have included various subtotals in a worksheet in the report to verify data accuracy. You want to remove all subtotals from the sheet before you send it to your manager.

  Which of the following steps will you take to accomplish the task with the least administrative effort?

  A. Select all the subtotals. From the shortcut menu, click the Remove All Subtotals option.
  B. Hide the rows containing subtotals.
  C. Open the Subtotal dialog box by clicking the Subtotal option in the Outline group on the Data tab. Click the Remove All button.
  D. Delete all the rows containing subtotals.
  C. Open the Subtotal dialog box by clicking the Subtotal option in the Outline group on the Data tab. Click the Remove All button.

  ---

  According to the question, you have to remove all subtotals from the worksheet with the least administrative effort. You can remove all subtotals from a worksheet at a time. For this, take the following steps: Open the Subtotal dialog box by clicking the Subtotal option in the Outline group on the Data tab.

  Click the Remove All option.

  

  Answer option A is incorrect. No such option is provided in Excel 2013.

  

  Answer option B is incorrect. Although this will hide the rows containing the subtotals, the contents will remain there and can be made visible by using the Unhide row option. Moreover, the question specifically specifies to remove all subtotals from the sheet. Answer option D is incorrect. Although this step will accomplish the task, it will involve a lot of administrative burden of selecting each row and deleting it manually.

• Question 37:

  Rick works as a Sales Manager for Tech Perfect Inc. He is creating a report in Excel 2013. He has entered data in five worksheets in a workbook. He wants to enter a disclaimer message in the A1 cell of each sheet in the workbook as shown in the image given below:

  

  Which of the following is the easiest way to accomplish the task?

  A. Write a disclaimer message in the A1 cell of the first sheet. Copy the disclaimer message and paste it on the remaining sheets.
  B. Write a disclaimer message in the A1 cell of the first sheet. In the other sheets, insert a formula that points to the A1 cell of the first worksheet.
  C. Select all the five sheets. Click the first sheet. Write a disclaimer message in the A1 cell of the active sheet.
  D. Select all the five sheets. Write a disclaimer message in the A1 cell of the active sheet.
  D. Select all the five sheets. Write a disclaimer message in the A1 cell of the active sheet.

  ---

  In order to accomplish the task, Rick should take the following steps: Select all the five sheets.

  Write a disclaimer message in the A1 cell of the active sheet. Grouping of sheets is a feature provided in Microsoft Office Excel 2013. Selecting more than one sheet groups those sheets. When multiple sheets are grouped, data that a user

  enters or edits in the active sheet is reflected in all sheets in the group. To select all sheets, right-click a sheet

  tab, and then click Select All Sheets on the shortcut menu.

  

  Users can select multiple sheets by holding the Ctrl key while clicking the sheets. Answer option C is incorrect. Clicking the first sheet after selecting all sheets will ungroup the sheets and the message will only get inserted in the first sheet. Answer options B and A are incorrect. Both these options will work, but Rick will have to work more than required. Grouping sheets is a better option to work simultaneously on multiple sheets. Users can select multiple sheets by holding the Ctrl key while clicking the sheets. Answer option C is incorrect. Clicking the first sheet after selecting all sheets will ungroup the sheets and the message will only get inserted in the first sheet. Answer options B and A are incorrect. Both these options will work, but Rick will have to work more than required. Grouping sheets is a better option to work simultaneously on multiple sheets.

• Question 38:

  You work as a Finance Manager for Blue Well Inc. The company has a Windows-based network. You are using Excel spreadsheet for maintaining financial budget and other financial calculations. You want to return the depreciation of an asset for a specified period by using the fixed-declining balance method and to return the future value of a starting principal after applying a series of compound interest rates.

  Which of the following financial functions will you use to accomplish the task? Each correct answer represents a complete solution. Choose all that apply.

  A. DB function
  B. NPV function
  C. DDB function
  D. FVSCHEDULE function
  A. DB function
  D. FVSCHEDULE function

  ---

  Various financial functions (reference) are as follows:

  1.

  ACCRINT function: It is used to return the accrued interest for a security that pays periodic interest.

  2.

  ACCRINTM function: It is used to return the accrued interest for a security that pays interest at maturity.

  3.

  AMORDEGRC function: It is used to return the depreciation for each accounting period by using a depreciation coefficient.

  4.

  COUPDAYBS function: It is used to return the number of days from the beginning of the coupon period 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 containing the settlement date.

  7.

  COUPDAYSNC function: It is used to return the number of days from the settlement date to the next 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 settlement date 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 two periods.

  13.

  DB function: It is used to return the depreciation of an asset for a specified period by using the fixed-declining balance method.

  14.

  DDB function: It is used to return the depreciation of an asset for a particular period by using the 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 a dollar 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 number into 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 interest payments.

  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 after applying 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 an investment.

  26.

  MDURATION function: It is used to return the Macauley modified duration for a security with an assumed par value of $100.

  27.

  MIRR function: It is used to return the internal rate of return in which positive and negative cash 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 a series 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 an odd 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 an odd 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 a particular defined period.

  37.

  PRICE function: It is used to return the price per $100 face value of a security that pays Periodic interest.

  38.

  PRICEDISC function: It is used to return the price per $100 face value of a discounted security.

  39.

  PRICEMAT function: It is used to return the price per $100 face value of a security that pays interest 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 invested security.

  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 period by 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 is not necessarily periodic.

  50.

  XNPV function: It is used to return the net present value for a schedule of cash flows that is not 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 at maturity.

• Question 39:

  You work as an Office Assistant for Tech Perfect Inc. You are working in a spreadsheet. You use a function in one cell and it works perfectly but when you attempt to copy the function down to other rows, you get the #REF error. Which of the following are the reasons that are causing the above problem?

  Each correct answer represents a complete solution. Choose all that apply.

  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. The lookup_value or the array you are searching resides in a cell containing unseen spaces at the start or end of that cell.
  D. You are referencing an entire worksheet by clicking on the grey square at the top left of the worksheet.
  B. Excel is trying to reference an invalid cell.
  D. You are referencing an entire worksheet by clicking on the grey square at the top left of the worksheet.

  ---

  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 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 A is incorrect. 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.

• Question 40:

  You work as an Office Assistant for Blue well Inc. You want to record a macro and save it with the name "Auto_Open" so that the macro will run whenever you open the workbook containing the macro.

  While doing so, you observe that the Auto_Open macro fails every time. Which of the following are the causes of this?

  Each correct answer represents a complete solution. Choose all that apply.

  A. The default workbook or a workbook loaded from the XLStart folder is opened before running the macro.
  B. The workbook is opened programmatically using the Open method.
  C. The workbook where a user wants to save the Auto_Open macro already contains a VBAprocedure in its Open event.
  D. The workbook is based on the record button that is disabled by default before running the Auto_Open macro.
  A. The default workbook or a workbook loaded from the XLStart folder is opened before running the macro.
  B. The workbook is opened programmatically using the Open method.
  C. The workbook where a user wants to save the Auto_Open macro already contains a VBAprocedure in its Open event.

  ---

  The various limitations of recording an Auto_Open macro are as follows:

  1.

  If the workbook where a user wants to save the Auto_Open macro already contains a VBA procedure in its Open event, then all actions in the Auto_Open macro are overridden by the VBA procedure used for the Open event.

  2.

  The Auto_Open macro will be ignored when a workbook is opened programmatically using the Open method.

  3.

  The Auto_Open macro runs before any other workbooks are opened. Therefore, if the user records actions he wants Excel to perform on the default workbook or a workbook loaded from the XLStart folder, the Auto_Open macro will fail when the user restarts Excel because it runs before the default and start-up workbooks are opened. Answer option D is incorrect. This is an invalid answer option.