All of the Following Statements Are TRUE About the VLOOKUP

question 15

Multiple Choice

All of the following statements are TRUE about the VLOOKUP function EXCEPT:

• A)The HLOOKUP function is the more commonly used than the VLOOKUP function.
• B)The "V" in VLOOKUP stands for vertical and is used when your comparison values are located in a column or vertically to the left of the data that you want to find.
• C)You can use to look up a value and then, using that value as a reference, return data that is associated with that value.
• D)VLOOKUP functions are extremely valuable when working with tables where the data is in columns.

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Definitions:

Fiscal Year

A one-year period chosen by a business or government for accounting purposes, which may or may not align with the calendar year.

Unrealized Increase/Decrease

Change in the market value of assets that have not been sold, impacting a company's financial statements in terms of valuation but not cash flow.

Market Value

The existing value at which an asset or service might be traded in a commercial environment.

Available-For-Sale

A classification of financial assets indicating that they are not held for trading or long-term investment purposes, and their value can be adjusted based on market valuations.