TRUE/FALSE 1. Excel provides a variety of tools for designing a spreadsheet, which is referred to as a worksheet in the Excel application. ANS: T PTS: 1 REF: 23 2. The labels and values upon which Excel calculations are based are outputs. ANS: F PTS: 1 REF: 25 3. The calculations and their results are inputs. ANS: F PTS: 1 REF: 25 4. The ### signs indicate that the column width is insufficient to display the complete value in the cell. ANS: T PTS: 1 REF: 26 5. If there is insufficient room to display a label in a cell, the text may be displayed in a truncated format. ANS: T PTS: 1 REF: 26 6. When entering a value in a cell, you should enter the value with commas. ANS: F PTS: 1 REF: 27 7. In the Format Cells dialog box, the Category box lists the available number formats. ANS: T PTS: 1 REF: 28 8. The Comma Style button formats numbers with commas and no decimal places. ANS: F PTS: 1 REF: 27 9. Some of the most common formatting options available in the Format Cells dialog box are also available on the HOME tab and on the Mini toolbar. ANS: T PTS: 1 REF: 27 10. A formula is an equation that performs calculations, the result of