Final answer:
The COUNTIFS function counts cells that meet multiple criteria, while the FREQUENCY function calculates the occurrence of values within a range in Excel.
Step-by-step explanation:
The first option is accurate about COUNTIFS and FREQUENCY functions in Excel. COUNTIFS function counts the number of cells in a range that meet multiple criteria. For example, you can use COUNTIFS to count the number of students who scored above a certain grade and attended school on a specific day. On the other hand, FREQUENCY function calculates how often values occur within a range. It can be used to determine the frequency distribution of a set of data values.