If All of the Logical Conditions Are True the AND Function

question 51

Multiple Choice

If all of the logical conditions are true the AND function returns the logical value ____.

• A)FALSE
• B)ON
• C)TRUE
• D)OFF

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Definitions:

Financial Instruments

Contracts that give rise to a financial asset of one entity and a financial liability or equity instrument of another entity.

Insurance Contracts

Legal agreements that provide compensation for specific losses or damages in exchange for premium payments.

Leases

Contracts in which one party agrees to rent property, services, or goods from another party for a specified time period in exchange for payment.

Revenue

The total amount of money received by a company for goods sold or services provided during a certain time period.