Scenario Manager In Excel Quiz: Test!

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| By Nsurani

Nsurani

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Quizzes Created: 14 | Total Attempts: 15,404

Questions: 10 | Attempts: 3,245 | Updated: Jul 1, 2023

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Scenario Manager In Excel Quiz: Test! - Quiz

Do you know how to use Excel proficiently? Can you pass this quiz based on Scenario Manager in Excel with more than 80%? Take up the test and check how proficient you're when it comes to using Microsoft excel. Scenario Manager allows users to change or substitute data values on the worksheet automatically. Have you ever used this tab before in Excel? Play the below quiz and learn some basic and useful things about this Excel tool.

Questions and Answers

1.

What term refers to a specific set of values saved with the workbook?
- A.
  
  Range
- B.
  
  Scenario
- C.
  
  Trend line
- D.
  
  What-if analysis
Correct Answer
B. Scenario

Explanation
A scenario refers to a specific set of values saved with the workbook. This allows users to create different versions of a worksheet by saving different sets of values. By using scenarios, users can easily compare and analyze different possibilities or outcomes within the workbook.

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2.

What is the Name of This dialog Box which is shown in this Picture?
- A.
  
  Manager
- B.
  
  Scenario Manager
- C.
  
  Goal Seek
- D.
  
  Data Table
Correct Answer
B. Scenario Manager

Explanation
The correct answer is Scenario Manager because the dialog box shown in the picture is commonly known as the Scenario Manager. This dialog box allows users to create, edit, and manage scenarios in Microsoft Excel. Scenarios are useful for analyzing different sets of input values and their impact on formulas and calculations. By using the Scenario Manager, users can easily compare and evaluate different scenarios to make informed decisions.

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3.

What tool helps you to optimize the results of a model?
- A.
  
  None of the above
- B.
  
  Target value
- C.
  
  Solver
- D.
  
  Scenario manager
Correct Answer
D. Scenario manager

Explanation
The scenario manager is a tool that helps to optimize the results of a model. It allows users to create and manage different scenarios by changing input values and analyzing the impact on the model's outputs. By comparing the results of different scenarios, users can identify the most optimal solution and make informed decisions.

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4.

You can Open the Scenario Manager Dialog Box by Choosing Scenarios from the ________ Tab of Ribbon?
- A.
  
  Insert
- B.
  
  Formulas
- C.
  
  Data
- D.
  
  View
Correct Answer
C. Data

Explanation
To open the Scenario Manager Dialog Box, you need to choose "Scenarios" from the "Data" tab of the Ribbon. This is where you can manage and analyze different scenarios in your data.

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5.

What is the name of this button?
- A.
  
  Office Button
- B.
  
  Play Button
- C.
  
  Scenario Button
- D.
  
  Sound Button
Correct Answer
C. Scenario Button

Explanation
The correct answer is "Scenario Button" because the question is asking for the name of the button shown, and out of the given options, "Scenario Button" is the most appropriate name for the button based on its appearance and function.

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6.

Which option of Data Tool Group Will Give the option of Scenario Manager ?
- A.
  
  Data Validation
- B.
  
  Consolidate
- C.
  
  What-if Analysis
- D.
  
  None of the above
Correct Answer
C. What-if Analysis

Explanation
The option "What-if Analysis" in the Data Tool Group will give the option of Scenario Manager.

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7.

Scenario manager option can be found in View tab.
- A.
  
  True
- B.
  
  False
Correct Answer
B. False

Explanation
The explanation for the given correct answer is that the Scenario Manager option cannot be found in the View tab. It is actually located in the Data tab in Microsoft Excel. Therefore, the statement "Scenario manager option can be found in View tab" is false.

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8.

Which of the following statements about scenarios in an Excel workbook is not true?
- A.
  
  A scenario is a set of values saved with the workbook.
- B.
  
  A workbook can have one scenario per sheet.
- C.
  
  Scenarios provide a way to see different solutions for worksheet formulas.
- D.
  
  Scenarios help you in what-if analysis.
Correct Answer
B. A workbook can have one scenario per sheet.

Explanation
A workbook can have multiple scenarios per sheet, not just one scenario per sheet. Scenarios in an Excel workbook are sets of values that are saved with the workbook and provide a way to see different solutions for worksheet formulas. They are used in what-if analysis to explore different possibilities and evaluate the impact of changing variables on the results.

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9.

Which of the following terms describes an Excel scenario summary report?
- A.
  
  It is formatted as an outline.
- B.
  
  It creates a new workbook.
- C.
  
  It includes a color scale.
- D.
  
  It is in compatibility mode.
Correct Answer
A. It is formatted as an outline.

Explanation
An Excel scenario summary report is formatted as an outline. This means that the report is structured hierarchically, with main categories and subcategories organized in a logical and easy-to-read manner. The outline format allows for a clear presentation of the data and helps users understand the relationships between different elements of the report. This format is commonly used in Excel to present complex information in a concise and organized way.

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10.

How many models can be made in the Scenario manager?
- A.
  
  70
- B.
  
  64
- C.
  
  50
- D.
  
  Unlimited
Correct Answer
B. 64

Explanation
The Scenario Manager in Excel allows users to create and manage different scenarios by changing input values. Each scenario represents a different model or set of assumptions. Since the question asks for the number of models that can be made in the Scenario Manager, the correct answer is 64.

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