Question

An IF function can be used to evaluate a logical test, such as determining if the 90-days past due balance is greater than 0, with only two resulting values: a value_if_true and a value_if_false?

A)True B)False

Answer 1

An IF function can be used to evaluate a logical test. Option (A) is true.

Step-by-step explanation:

The IF function in Excel, or similar constructs in programming and logical operations, is used to evaluate a logical test and return one value if the logical test is true and another value if it is false.

In the context mentioned, the logical test is checking if the 90-days past due balance is greater than 0.

If the test is true (meaning the past due balance is greater than 0), the function will return a specified value (value_if_true).

If the test is false (meaning the past due balance is not greater than 0), the function will return another specified value (value_if_false).

For example, in Excel, the IF function could be used like this:

=IF(A1 > 0, "Balance is past due", "Balance is not past due")

In this example, if the value in cell A1 is greater than 0, the function will return "Balance is past due"; otherwise, it will return "Balance is not past due". This demonstrates the use of the IF function to handle a logical test with two possible outcomes.

Thus, option (A) is true.