The MIN Function

question 28

Multiple Choice

The MIN function

• A) identifies the highest value in a range.
• B) tallies the number of blank cells in a range.
• C) displays the lowest value in a range.
• D) tallies the number of cells in a range that contain values.

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Definitions:

Vested Benefits

Employee benefits, such as pension plans or stock options, that one has earned the right to receive and cannot be forfeited.

Accrual Concept

An accounting methodology that records revenues and expenses when they are incurred, regardless of cash flow.

Intangible Asset

An asset that lacks physical substance and represents potential future benefits; examples include patents, trademarks, and goodwill.

Defined Benefit Pension Plan

A type of pension plan where the benefits that the retiree will receive are defined based on factors such as salary history and duration of employment.