Final answer:
The function that provides different options depending on the existence of a NULL value is IFNULL. It returns the first argument if it's not NULL; otherwise, it returns the second argument. COALESCE is similar but works with more than two arguments.
Step-by-step explanation:
The function that allows for different options depending upon whether a NULL value exists is the IFNULL function. This function takes two arguments; if the first is not NULL, it returns the first argument, otherwise, it returns the second argument. The COALESCE function is similar as it returns the first non-NULL value from a list of arguments. However, IFNULL specifically handles two options based on the presence of a NULL value.
Let's look at some examples:
- IFNULL(NULL, 'default_value') will return 'default_value' because the first argument is NULL.
- IFNULL('actual_value', 'default_value') will return 'actual_value' as the first argument is not NULL.
The other functions like ISNULL and NULLIF have different use cases. ISNULL replaces NULL with a specified replacement value, and NULLIF returns NULL if the two arguments are equal, otherwise, it returns the first argument.