Defined Names Are Automatically Substituted for Existing Range References in a Formula

question 43

True/False

Defined names are automatically substituted for existing range references in a formula.

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Definitions:

Direct Expense

Costs that can be directly tied to the production or sale of specific goods or services.

Indirect Expense

Costs that are not directly tied to a specific product or service, such as utilities or rent for a company.

Insurance

A financial product that provides protection against losses or damages, in exchange for premium payments.

Departmental Income Statement

An income statement that shows the financial performance of different departments within a company.