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BUS 1350 – Exam 3 Questions and Answers, 2026 – Rated A+ practice and study material

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This document provides a collection of BUS 1350 Exam 3 questions and answers, covering key business concepts, management principles, and organizational behavior. It includes well-structured practice questions with verified answers to help students test their understanding and prepare effectively for the exam. The material is organized for focused study and high-performance exam readiness.

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BUS 1350 – Exam 3 Questions and Answers, 2026 – Rated A+ practice and study
material


VLOOKUP - correct answer ✔✔ Pulls specific info for a spreadsheet based upon a piece of
information ie. title, name etc



VLOOKUP- for an APPROXIMATE match what is the formula - correct answer ✔✔
=LOOKUP(lookup-value, table_array,col_index_num,range_lookup= TRUE)



(the key to this answer is TRUE- approximate match always has true at the end of the formula )



Lookup_value - correct answer ✔✔ the value to lookup



table_array - correct answer ✔✔ the reference to the vertical lookup table



col_index - correct answer ✔✔ column number in lookup formula containing the value to be
returned



range_lookup - correct answer ✔✔ is set to FALSE for an EXACT MATCH and TRUE for
approximate match lookups



VLOOKUP- for an EXACT MATCH what is the formula - correct answer ✔✔
=LOOKUP(lookup_value, table_array,col_index_num,range_lookup+FALSE)



(the key to this answer is the FALSE- FALSE IS ALWAYS IN THE FORMULA FOR EXACT MATCH)

, APPROXIMATE MATCH LOOKUP - correct answer ✔✔ A lookup where the lookup value falls
within a range of numbers in the compare values in the lookup table instead of a single specific
value.



true or false: approximate match lookups can reference a vertical or horizontal lookup table. -
correct answer ✔✔ TRUE



What is the order of a vertical lookup table for APPROXIMATE MATCH LOOKUPS? (4 items) -
correct answer ✔✔ 1. the first column stores the valued to be compared to the lookup value

2. values in the first column must be sorted in ASCENDING ORDER

3. first entry in first column contains the lowest comparison value

4. each following entry contains the lower end of the range that the lookup value is compared
to



Excel finds an APPROXIMATE MATCH BY going ____ the ____ column of the table until it locates
the row containing the ___ value that is less than or equal to the lookup value. Then it retrieves
the corresponding values from that row. - correct answer ✔✔ down, first column, largest value



true or false- the APPROXIMATE match lookup compares a lookup value to ranges of values,
determining the range the lookup value falls within - correct answer ✔✔ true



What is the correct order of arguments for VLOOKUP for an EXACT match:

1 =V LOOKUP (lookup_value, table_array, col_index_num,range_lookup=FALSE)

2 =VLOOKUP (lookup_value, col_index_num, table_array, range_lookup=FALSE)

3 =VLOOKUP (table_array,lookup_value,col_index_num,range_lookup= TRUE) - correct answer
✔✔ 1 IS CORRECT

HINTS:first you can eliminate 3 bc for an EXACT match it is always FALSE, then table array comes
before column because first you need to find the table that its looking up from before you
would specify a column

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