Question

the procedure to build a dynamic data consolidation sheet is different from building a static data consolidation sheet. question 35 options: true false

Answer 1

The statement that building a dynamic data consolidation sheet is different from creating a static one is true. The selection of dynamic or static consolidation methods depends on the intended use and required data analysis. Data can be grouped in various ways, and table-switching may occur due to differing analysis needs.

Step-by-step explanation:

The procedure to build a dynamic data consolidation sheet differs from that of a static one, and this statement is true. A dynamic data consolidation sheet is designed to automatically update and incorporate new data as it becomes available, often through the use of formulas, pivot tables, or external data connections. In contrast, a static data consolidation sheet requires manual updating whenever the source data changes.

1. Neither of the tables, dynamic or static, is inherently more correct than the other. The correctness depends on the intended use. A dynamic table is more useful for ongoing updates, while a static table might be suitable for a one-time report.

2. Data can be grouped by different criteria depending on the analysis required. For example, it could be grouped by date, category, or region. Each grouping has its advantages. Date groupings allow for time-series analysis, category groupings may help in identifying trends within specific segments, and regional groupings could provide insights into geographical patterns.

3. If switching between tables was necessary while answering the question, it could be due to the need to analyze data from different perspectives or the need for both a dynamic overview and a static point-in-time report.

Answer 2

The procedure to build a dynamic data consolidation sheet is different from building a static data consolidation sheet. The statement is true.

Step-by-step explanation:

The question is asking whether the procedure to build a dynamic data consolidation sheet is different from building a static data consolidation sheet.

The answer is true. Building a dynamic data consolidation sheet involves using formulas and functions that are designed to update automatically when new data is added to the source sheets.

On the other hand, building a static data consolidation sheet involves manually copying and pasting the data into a single sheet, without any formulas or functions to update the data.

By grouping the data differently, it means organizing the data based on different criteria. For example, you could group the data by date, by region, or by product category.

The advantage of building a dynamic data consolidation sheet is that it allows for easy and automatic updating of the consolidated data when new data is added to the source sheets.

If I switched between tables when answering the question above, it would be to illustrate the differences between the two types of data consolidation sheets.

One table would represent the dynamic data consolidation sheet, showing how the data updates automatically, while the other table would represent the static data consolidation sheet, showing how the data remains static and does not update.