When Creating a Range for Use with a Type FALSE

question 130

Multiple Choice

When creating a range for use with a type FALSE VLOOKUP table, make sure to sort the values in the first column of table_array in ____ order.

• A) descending
• B) ascending
• C) alphabetical
• D) any (values do not need to be sorted)

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Definitions:

Completion Percentage

In project management and accounting, it refers to the ratio of work completed to the total scope of work, often used for progress billing and revenue recognition.

Equivalent Units

A concept in cost accounting used to convert partially completed goods into an equivalent number of fully completed units for inventory accounting purposes.

Conversion Costs

The combined costs of direct labor and overhead required to transform raw materials into finished goods.

First-In, First-Out

An inventory valuation method where the oldest inventory items are recorded as sold first.