When You Use a Lookup Type of TRUE, the VLOOKUP

question 15

True/False

When you use a lookup type of TRUE, the VLOOKUP function looks only for an exact match of the lookup value.

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Definitions:

Average Inventory

A metric that estimates the amount of inventory a business has on hand over a certain period, calculated by taking the sum of the beginning and ending inventory levels divided by two.

Periodic Inventory System

An inventory accounting system where updates to inventory levels are made on a periodic basis, as opposed to continuously.