Final answer:
Formulas can be evaluated as a part of workflow criteria when records are created or updated.
Step-by-step explanation:
The correct answer is Option 4: Both A and B.
Formulas can be evaluated as a part of workflow criteria in both of these scenarios:
- When records are created
- When records are created or updated
Formulas in databases or workflow systems allow for specific conditions and calculations to be applied when records are created or updated, helping to automate processes and ensure data accuracy. For example, in a customer management system, a formula can be used to assign a priority level to a new support ticket when it is created, based on certain criteria such as the urgency and impact of the issue.