Excel Functions Quiz

What Excel function is primarily used to calculate the total quantity of specific items (like green items) in stock?

• COUNTIF

• SUMIF

• AVERAGEIF

• MAXIF

When using the SUMIF function, which of the following is NOT a required argument?

• Range

• Criteria

• Sum Range

• Average

If you want to count the total number of medium-sized red items that are reordered, which function would you use?

• SUMIF

• COUNTIF

• SUMIFS

• AVERAGEIF

In the context of the video, what is the significance of using dynamic conditions in Excel formulas?

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Why is it important to fix cells (using F4) when copying and pasting formulas in Excel?

• To ensure the formula remains unchanged.

• To prevent errors from changing cell references.

• To make the formula easier to read.

• To allow for dynamic calculations.

How can using filters in Excel enhance the analysis of inventory data?

• By reducing the amount of data displayed for easier viewing.

• By changing the data itself.

• By automatically generating reports.

• By eliminating the need for formulas.

What is the main advantage of linking conditions in separate cells for a formula?

• It allows for more complex calculations.

• It simplifies the formula and makes it easier to adjust conditions.

• It eliminates the need for any criteria.

• It automatically generates new data.

After checking the results of your SUMIF formula against manual calculations, what should you do if they do not match?

• Ignore the discrepancy; the formula is likely correct.

• Review the formula and criteria used for errors.

• Change the data to match the formula.

• Delete the formula and start over.