The IF Function

question 68

Multiple Choice

The IF function:

• A)contains data for the basis of the lookup and data to be retrieved.
• B)looks up a value and returns a related result from a lookup table.
• C)evaluates a condition and returns one value if the condition is true,a different if false.
• D)contains another function embedded inside one or more of its arguments.

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Definitions:

Overtime Pay

Additional compensation paid to employees for hours worked in excess of the standard workweek, typically at a higher rate.

Feasible Solution

A solution that meets all the constraints of a problem in operations research or optimization.

Profit

The financial gain achieved when the revenue generated from business activities exceeds the expenses, costs, and taxes needed to sustain the activity.

Constraints

Limitations or restrictions in a process, system, or project that can impact performance, timing, or results.