The IF Function Provides Two Outcomes,one When Its Logical Test

question 42

True/False

The IF function provides two outcomes,one when its logical test is true and one when its logical test is false.

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Definitions:

Consumer Lease

is a contract where an individual leases goods for personal, family, or household purposes for a set period of time.

Personal Use

The use of a product, service, or property for an individual's private and non-commercial purposes.

Lessor

The party in a lease agreement who owns the property being leased out to another party, known as the lessee.

Finance Lease

A type of lease arrangement where the lessee assumes both the financial risks and rewards of asset ownership, typically involving long-term and non-cancellable terms.