9/14/22, 7:39 PM Assessment Review - Corporate Finance Institute

Corporate Finance Institute

Power Pivot Fundamentals

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Main Question Set

Correct Answer

Partially Correct

Incorrect Answer

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9/14/22, 7:39 PM Assessment Review - Corporate Finance Institute

1
Basic Measures - Explicit vs Implicit Measures
Implicit measures are created automatically when we drag a column of values into a visual. Explicit
measures are created manually and define how the column should be summarized.

What are the advantages of using explicit measures in pivot tables? (Select 4)

Your Answer
You have greater control over the outcome, which is even more important when handing over the
model to another user.
To ensure that you always know what aggregation is being done.
Because implicit functions don’t get saved when you remove them from a visual.
Because we can define the formatting of explicit measures, and maintain consistent presentation when
the measures are used in different visuals.

Correct Answer
You have greater control over the outcome, which is even more important when handing over the
model to another user.
To ensure that you always know what aggregation is being done.
Because implicit functions don’t get saved when you remove them from a visual.
Because we can define the formatting of explicit measures, and maintain consistent presentation when
the measures are used in different visuals.

Explanation
None.

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2
Basic Measures - Iterative Formulas
SUMX and AVERAGEX are examples of iterative formulas. This means they behave differently from their
regular counterparts, SUM and AVERAGE.

Which of the following best describes iterative formulas in Power Pivot and DAX?

Your Answer
Iterative formulas calculate a given expression for each row of the context before aggregating the
results.

Correct Answer
Iterative formulas calculate a given expression for each row of the context before aggregating the
results.

Explanation
None.

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3 The Date Dimension & Time Intelligence

A combination of a date dimension table and time intelligence functions can help us create robust
comparisons across time periods.

What actions do you need to take when working with dates to ensure your calculations work correctly?
Select ALL that apply.

Your Answer
Dates in a date dimension table must be consecutive.
The date dimension table must be marked as a date table in Power Pivot.
Time Intelligence functions must reference the date column in the date dimension, not the fact table.

Correct Answer
Dates in a date dimension table must be consecutive.
The date dimension table must be marked as a date table in Power Pivot.
Time Intelligence functions must reference the date column in the date dimension, not the fact table.

Explanation
None.

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4
Data Models - Relationships
Relationships help define the connection between two tables of related data. We can define the type of
relationship to help us enforce the integrity of our data, in particular with respect to duplicate values.

Which of these is true about relationships in a Power Pivot data model? Select ALL that apply.

Your Answer
Relationships can be one-to-many
Relationships can be many-to-one
Relationships can be one-to-one

Correct Answer
Relationships can be one-to-many
Relationships can be many-to-one
Relationships can be one-to-one

Explanation
None.

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5 Data Models - Managing Data Between Tables

One of the fundamental principles of data models is database normalization, which helps us
understand how to limit the amount of duplicate data in a database or data model.

With that in mind, you should avoid duplicating values across different tables unless you have a good
reason.

That said, suppose your DAX measure needs to return a matching value from another table as part of
the calculation. Which of the following functions would help you achieve this?

Your Answer
RELATED

Correct Answer
RELATED

Explanation
None.

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6
Advanced DAX - Variables
The DAX formula language allows us to write variables into our formulas. This is awesome because
___________.

Select ALL that apply.

Your Answer
We can format our formulas in a more readable way
We can get rid of long, nested formulas, like nested if statements
We can perform helper calculations, without displaying those as an output

Correct Answer
We can format our formulas in a more readable way
We can get rid of long, nested formulas, like nested if statements
We can perform helper calculations, without displaying those as an output

Explanation
None.

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7
Advanced DAX - Time Intelligence
You should practice your time intelligence skills thoroughly before an interview. They will almost
certainly be more generally part of a technical task in Power Pivot or DAX.

What function would you use to calculate YTD Sales?

Your Answer
=CALCULATE([sales],DATESYTD(Dim_Dates[Date])

Correct Answer
=CALCULATE([sales],DATESYTD(Dim_Dates[Date])

Explanation
None.

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8 Advanced DAX - CALCULATE & Context

Manipulation
The calculate function allows us to modify the context of a measure. In some scenarios, we must use a
helper function inside the CALCULATE function to help us define how that modification is done.

Match the helper functions to their correct definitions when used as part of the CALCULATE function.

CALCULATE with ALL()

Your Answer
Removes all filters from the chosen table or column.

Correct Answer
Removes all filters from the chosen table or column.

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CALCULATE with ALLSELECTED()

Your Answer
For the chosen table or column, this function removes all the context filters within a visual, allowing you
to calculate a total of all values in the visual.

Correct Answer
For the chosen table or column, this function removes all the context filters within a visual, allowing you
to calculate a total of all values in the visual.

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CALCULATE with FILTER()

Your Answer
This function does not remove any context filter. It only adds additional criteria, effectively narrowing
the context.

Correct Answer
This function does not remove any context filter. It only adds additional criteria, effectively narrowing
the context.

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CALCULATE with [Promo] <> “”

Your Answer
Whilst not strictly a function, this helper condition modifies the context of the included column. This
may expand or narrow the original context.

Correct Answer
Whilst not strictly a function, this helper condition modifies the context of the included column. This
may expand or narrow the original context.

Explanation
None.

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9
Creating Dashboards
What should you do to ensure your dashboards are clear, credible, and point users towards key
messages? Select ALL that apply.

Your Answer
Avoid trying to cram too much onto your dashboard.
Stick to neutral, clean colors unless you’re trying to highlight a message.
Provide clear error messages where possible.
Ensure measures are named in a clear and logical way, that makes sense to the user, and ideally provide
a measure dictionary or documentation.

Correct Answer
Avoid trying to cram too much onto your dashboard.
Stick to neutral, clean colors unless you’re trying to highlight a message.
Provide clear error messages where possible.
Ensure measures are named in a clear and logical way, that makes sense to the user, and ideally provide
a measure dictionary or documentation.

Explanation
None.

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10
Advanced DAX - Calculate
What is the purpose of the calculate function?

Your Answer
The CALCULATE function allows you to modify the context of a calculation.

Correct Answer
The CALCULATE function allows you to modify the context of a calculation.

Explanation
None.

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11 You will need to complete the downloadable exercise before answering this question.

Everything Outdoors Ltd sells outdoor equipment. In Q1 2020, what % do binoculars represent of total
sales? Select one.

Your Answer
24.7%

Correct Answer
24.7%

Explanation
None.

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12 You will need to complete the downloadable exercise before answering this question.

For the camping category, what sales growth did the Tucson store see between Q1 2019 and Q1 2020?
Select one.

Your Answer
6%

Correct Answer
6%

Explanation
None.

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13 You will need to complete the downloadable exercise before answering this question.

In 2019 all stores combined, what was the third-ranked product for Everything Outdoors Ltd in terms
of units? You may need to re-arrange your pivot table.

Your Answer
Binoculars

Correct Answer
Binoculars

Explanation
None.

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14 You will need to complete the downloadable exercise before answering this question.

Time Intelligence is one of the most powerful features of DAX and of Power Pivot.

Which metric does not work correctly if you create the date slicer using the Fact_Sales[Date] column
instead of the Dim_Date[Date] column?

Your Answer
Sales vs. Last Year

Correct Answer
Sales vs. Last Year

Explanation
None.

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15 You will need to complete the downloadable exercise before answering this question.

What margin did the Tacoma store achieve in 2019?

Your Answer
36.29%

Correct Answer
36.29%

Explanation
None.

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