Final answer:
The INLIST function takes a specified value and returns results based on whether that value is present in a provided list of values.
Step-by-step explanation:
The function that takes a specified value and returns results based on a set of values provided in a list is known as the INLIST function. Option B) INLIST is the correct answer. This function is typically used in programming and database queries to check if a value exists within a predefined list or array. If the given value is found in the list, the function returns a result, often a boolean value like true/false or a corresponding index if the implementation provides one.