Which of the Following Is FALSE Pertaining to Excel Number

question 64

Multiple Choice

Which of the following is FALSE pertaining to Excel number formats?

• A)When you apply a number format,you can specify the number of decimal places.
• B)Changing number formats changes the way a number displays in a cell.
• C)Values have no special formatting when you enter data into cells.
• D)The default number format is Comma.

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Definitions:

Net Operating Income

The total profit of a company after operating expenses are subtracted from gross profit, but before deducting interest and taxes.

Operating Income

The income earned from a firm's core business operations, excluding deductions of interest and taxes.

Break-even Point

The level of sales at which total revenues equal total costs, resulting in no net profit or loss.

Sales Mix

Sales mix refers to the combination of different products or services that a company sells, impacting the overall profitability depending on the profit margin of each product or service.