If the computer is sleeping or hibernating, the alarm will actually wake it up at the required time (provided that option is enabled in the settings for that alarm, which it is by default).
A computer that is actually turned off, however, cannot obviously be turned on - so when it becomes active again all missed alarms will trigger, as soon as possible. This is by design so you do not miss any alarms.
The answer to your second question, however, is possibly also the answer to your first question: instead of a 'Daily' alarm, select a 'Weekly' alarm. This allows you to choose/hand pick the days of the week the alarm actually fires (e.g. Mon to Fri but not Sat and Sun).
_________________ Jorge Coelho
Winstep Xtreme - Xtreme Power!
http://www.winstep.net - Winstep Software Technologies
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