Case 9-1 You Are Presenting a Two-Hour Seminar on Using Excel Features

question 106

Multiple Choice

Case 9-1
You are presenting a two-hour seminar on using Excel features to professionals at an annual convention of accounting managers. The seminar will be followed by a brief Q&A session. Half-way through the seminar, you give the seminar participants a break.
-On her way to the break room, one of the participants stops to ask you how she can improve her efficiency when working with unfamiliar workbooks sent to her from accounting personnel located in different branch offices. You suggest that ____.

• A) she use the formula auditing tools in the Formula Auditing group on the FORMULAS tab to trace formula precedents and dependents in order to better understand how each worksheet is structured
• B) she ask each branch office accountant to also send an outline document describing all the formulas and other features included in each workbook
• C) unfortunately, Excel does not have any built-in tools she can use to become more familiar with the workbooks she receives
• D) she ask the branch office accountants to send her all the necessary information so that she can create her own workbooks

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Definitions:

Partnership

A business arrangement in which two or more individuals share ownership and the operational responsibilities of the business.

Uniform Limited Liability Company Act

A comprehensive statute that provides a uniform regulatory framework for the formation, operation, and dissolution of limited liability companies (LLCs) in the states that adopt it.

Dissolve

To formally bring to an end a legal entity or agreement, such as a business corporation or a marriage.

Consecutive Days

Successive days that follow one after the other without interruption.