All of the Following Are Valid Statements in Reference to the IIf

question 71

Multiple Choice

All of the following are valid statements in reference to the IIf function EXCEPT:

• A) IIf functions can only be used when a condition will evaluate to either true or false
• B) IIf functions can be nested when two when two conditions are not sufficient to evaluate an expression
• C) IIf functions can contain other functions as arguments
• D) IIf functions work only with numeric values and not with text

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Definitions:

Warranty of Title

A guarantee provided by a seller that they have the right to sell the property and that there are no undisclosed encumbrances or liens against it.

Police Auction

An event where items that have been confiscated, abandoned, or recovered by law enforcement agencies are sold to the highest bidder.

Abandoned Property

Property that has been discarded by the owner without the intent to reclaim ownership of it. Courts require clear and convincing evidence of both the desertion by the owner and the owner’s intent never to return.

Fair Market Value

The price that a property would sell for on the open market, considering all conditions of the sale without any undue pressures on buyer or seller.