Microsoft 77-888 Online Practice Questions and Exam Preparation

Microsoft 77-888 Online Questions & Answers

• Question 1:

  You work as an Office Assistant for Dreams Unlimited Inc. You use Microsoft Excel 2010 for creating various types of reports. You have created a report in the format given below:

  

  In the A7 cell, you are required to put a formula so that it can fulfill the description provided in the B7 cell. Which of the following formulas will provide the required result?

  A. COUNTIF(B2:C5,"=Yes")
  B. COUNTIFS(B2:C5,"=Yes")
  C. COUNTIF(B2:B5,"=Yes",C2:C5,"=Yes")
  D. COUNTIFS(B2:B5,"=Yes",C2:C5,"=Yes")
  D. COUNTIFS(B2:B5,"=Yes",C2:C5,"=Yes")

  ---

  In order to get the required result, you will have to insert the following formula in the B7 cell:

  COUNTIFS(B2:B5,"=Yes",C2:C5,"=Yes")

  Only Sarah and David have exceeded their January and February quotas, therefore the formula will provide 2 as the result.

  Answer option C is incorrect. The COUNTIF function of Excel does not support multiple criteria. Answer options A and B are incorrect. This formula will count all the cells that have the value "Yes" in the range B2:C5. As multiple criteria are not

  applied in the formula, it will provide 6 as the result. In the A7 cell, you are required to put a formula so that it can fulfill the description provided in the B7 cell.

  Which of the following formulas will provide the required result? A. COUNTIF(B2:C5,"=Yes")

  B. COUNTIFS(B2:C5,"=Yes")

  C. COUNTIF(B2:B5,"=Yes",C2:C5,"=Yes")

  D. COUNTIFS(B2:B5,"=Yes",C2:C5,"=Yes")

  Answer: D

  In order to get the required result, you will have to insert the following formula in the B7 cell:

  COUNTIFS(B2:B5,"=Yes",C2:C5,"=Yes")

  Only Sarah and David have exceeded their January and February quotas, therefore the formula will provide 2 as the result.

  Answer option C is incorrect. The COUNTIF function of Excel does not support multiple criteria. Answer options A and B are incorrect. This formula will count all the cells that have the value "Yes" in the range B2:C5. As multiple criteria are not

  applied in the formula, it will provide 6 as the result.

• Question 2:

  You work as an Office Assistant for Media Perfect Inc. You have created a spreadsheet in Excel 2010 and shared it with the other employees of the company. You select the Encrypt with Password option as a protection measure for the document you are sharing. Now, you have to specify a password in the Password box in the Encrypt Document dialog box appeared for editing the document. But you have forgotten the password. What will happen in this situation?

  A. You will use a new password.
  B. You will ask Microsoft to retrieve the password.
  C. You will fetch the password from the list in which you have saved it.
  D. You will create a new document.
  C. You will fetch the password from the list in which you have saved it.

  ---

  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.

  

  Answer option D is incorrect. You can create a new document with the same details but it will increase the overhead and is a very time consuming process. Answer option D is incorrect. You can create a new document with the same details but it will increase the overhead and is a very time consuming process.

• Question 3:

  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 required to set the security level temporarily for enabling all macros. Mark the option that you will choose first to accomplish the task.

  Hot Area:

  

  

• Question 4:

  Rick works as an Office Assistant for Tech Perfect Inc. He is responsible for preparing sales reports of the company. He has created a sales report in a workbook of Excel 2010 and this workbook contains various worksheets as shown in the image given below:

  

  Rick wants the sheet tabs of the sheets containing charts to appear in red color. Which of the following steps will Rick take to accomplish the task?

  A. Select the sheets containing charts. Select the Colors option in the Themes group on the Page Layout page.
  B. Select the sheets containing charts. Right-click on the sheet tabs.
  C. Select the sheets containing charts. Right-click on the sheet tabs. Choose the Sheet Color Option from the shortcut menu.
  D. Select the sheets containing charts. Select the Effects option in the Themes group on the Page Layout page.
  B. Select the sheets containing charts. Right-click on the sheet tabs.

  ---

  According to the question, Rick wants the sheet tabs of the sheets containing charts to appear in red color. In order to accomplish the task, he will take the following steps:

  1.

  Select the sheets containing charts.

  2.

  Right-click on the sheet tabs. Choose the Tab Color option from the shortcut menu.

  

  

  Answer options A and D are incorrect. These steps will not affect the appearance of the sheet tabs.

  Answer option C is incorrect. This is an invalid answer option.

• Question 5:

  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 in the columns. While doing so, 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. You want to store sets of values as text and convert sets of data to text by using Excel's Text To Columns tool. 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. Select the Text to Columns option from the Data tab at the top of the Excel workbook.
  B. Select Text and click the Finish button in Column Data Formats.
  C. Select the Delimited option and click Next
  D. Make sure that all delimiter options are unselected, and then again click Next.
  E. Remove the unseen spaces at the start or end of the first Macro cell.
  F. Select the cells to convert their data to text.
  A. Select the Text to Columns option from the Data tab at the top of the Excel workbook.
  B. Select Text and click the Finish button in Column Data Formats.
  C. Select the Delimited option and click Next
  D. Make sure that all delimiter options are unselected, and then again click Next.
  F. Select the cells to convert their data to text.

  ---

  In this situation, you will take the following steps:

  1.

  Select the cells to convert their data to text.

  2.

  Select the Text to Columns option from the Data tab at the top of your Excel workbook.

  3.

  Select the Delimited option and click Next.

  4.

  Make sure that all delimiter options are unselected, and then again click Next.

  5.

  Select Text and click the Finish button in Column Data Formats.

• Question 6:

  You work as a Sales Manager for Tech Perfect Inc. You are creating a report for your sales team Using Microsoft Excel. You want the report to appear in the following format:

  

  

  You want the Remark column to be filled through a conditional formula. The criteria to give the remark is as follows:

  If the sales of the First Quarter are greater than or equal to 1200, display "Well Done" If the sales of the First Quarter is less than 1200, display "Improve in Next Quarter" You have done most of the entries in a workbook. You select the F2 cell

  as shown in the image given below:

  Which of the following conditional formulas will you insert to accomplish the task?

  A. =IF(E2>=1200,"Improve in Next Quarter","Well Done")
  B. =IF(E2
  C. =IF(E2>=1200,"Well Done","Improve in Next Quarter")
  D. =IF(E2>1200,"Improve in Next Quarter","Well Done")
  C. =IF(E2>=1200,"Well Done","Improve in Next Quarter")

  ---

  In order to accomplish the task, you will have to insert the following formula in the F2 cell:

  =IF(E2>=1200,"Well Done","Improve in Next Quarter")

  Answer option A is incorrect. This will display the wrong messages for the given conditions. The first expression after the logical condition is returned by the IF function when the condition is TRUE. Answer option B is incorrect. This formula

  will not accomplish the task as the logical condition is not correct. The specified condition in this formula is testing for values less than or equal to 1200. Whereas, the question's requirement is to evaluate values greater than or equal to 1200.

  Answer option D is incorrect. This formula will not accomplish the task because of the two reasons. First, the equal sign is missing in the condition. Second, the expressions are not in the correct order.

• Question 7:

  You work as an Office Assistant for Tech Perfect Inc. You are working in a spreadsheet. You observe that while trying to look up or match a lookup_value within an array, Excel is not able to recognize the matching value. 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. The lookup_value or the array you are searching resides in a cell containing unseen spaces at the start or end of that cell.
  B. The contents of the cells that are being compared may have different data types.
  C. Excel is trying to reference an invalid cell.
  D. You are inserting a new column, next to a column that is already formatted as text.
  A. The lookup_value or the array you are searching resides in a cell containing unseen spaces at the start or end of that cell.
  B. The contents of the cells that are being compared may have different data types.

  ---

  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 C 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 D 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 8:

  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
  C. PRICEMAT 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 intoa 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 9:

  You work as an Office Assistant for Blue Well Inc. The company has a Windows-based network. You have changed some data in the worksheet of the company. You are submitting the sell workbook of the company to the Administrator of the company for comments. Now, you want to merge input that you receive into a copy of that workbook, including the changes and comments that you want to keep. For this purpose, it is required to access and use the stored change history. Which of the following will you use to accomplish the task?

  A. Slicer-enabled highlighting
  B. Onscreen highlighting
  C. Reviewing of changes
  D. History tracking
  C. Reviewing of changes

  ---

  The following ways are provided by Excel to access and use the stored change history:

  1.

  Onscreen highlighting: It is used when a workbook does not contain many changes and a user wants to see all changes at a glance.

  2.

  History tracking: It is used when a workbook has many changes and a user wants to investigate what occurred in a series of changes.

  3.

  Reviewing of changes: It is used when a user is evaluating comments from other users. Answer option A is incorrect. This is an invalid answer option.

• Question 10:

  You work as an Office Assistant for Blue well Inc. The company has a Windows-based network. You are creating a hot spot on a graphic that other users can click to run a macro. 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. To assign an existing macro to the graphic object, double-click the macro or enter its name in The Macro name box.
  B. Click the arrow next to Shape Outline, and then click No Outline. C. Right-click the created hot spot, and then click Assign Macro.
  C. To create a hot spot on the existing object, on the Insert tab, in the Illustrations group, Click Shapes, select the shape that you want to use, and then draw that shape on the existing object.
  D. Click the name of the macro in the Macro name box, click Edit, and then click OK to edit an existing macro.
  E. Click the arrow next to Shape Fill, and then click No Fill on the Format tab.
  F. Click Record, type a name for the macro in the Record Macro dialog box, and then click OK to start the recording of the macro.
  G. Select the hot spot in the worksheet to display Drawing Tools for adding the Format tab.
  H. Click Slicer, type a name for the macro in the Slicer Macro dialog box, and then click OK to start the recording of the macro.
  A. To assign an existing macro to the graphic object, double-click the macro or enter its name in The Macro name box.
  B. Click the arrow next to Shape Outline, and then click No Outline. C. Right-click the created hot spot, and then click Assign Macro.
  C. To create a hot spot on the existing object, on the Insert tab, in the Illustrations group, Click Shapes, select the shape that you want to use, and then draw that shape on the existing object.
  D. Click the name of the macro in the Macro name box, click Edit, and then click OK to edit an existing macro.
  E. Click the arrow next to Shape Fill, and then click No Fill on the Format tab.
  F. Click Record, type a name for the macro in the Record Macro dialog box, and then click OK to start the recording of the macro.
  G. Select the hot spot in the worksheet to display Drawing Tools for adding the Format tab.
  H. Click Slicer, type a name for the macro in the Slicer Macro dialog box, and then click OK to start the recording of the macro.